$BTC #altsesaon
#Bitcoin Chart Analysis
Bitcoin has not moved according to the scenarios I envisioned over the past few days.
While the situation remains complex, one thing is certain: this is a Wave 4 correction. After this correction, I anticipate that Bitcoin could rise to new highs once more. This would likely mark the beginning of an #altcoin #bull market.
Today, I have prepared several scenarios.
Since all three scenarios are plausible, it is challenging to determine which one should take precedence.
1. ABCDE Repetitive Correction
This scenario involves an initial ABC rebound followed by further correction.
(This scenario is slightly less likely compared to the others.)
2. WXY Wave
In this case, the price progresses as follows:
W: A 3(A)-3(B)-5(C) structureX: A basic ABC waveY: Another ABC wave is required to complete the structure.
3. Triple Combo Pattern
Since consecutive ABC patterns continue to emerge, there is a possibility of a triple combo structure.
W-X-Y-X-Z, where all waves consist of three-wave patterns, appears to be forming.
If you'd like to see continued chart analysis, please follow me.