Merry Christmas, Skyrexians!
Today $BTC started moving again and this move is downward. That's why it causes a lot of emotions. But we warned you in our last analysis that Bitcoin will reach $89k at least before the bull run continuation. Today we will take a look in details how this dump can be finished soon.
Let's take a look at the 1 hour timeframe. When Bitcoin has recently reached the top our new Multilayer Acceleration/Deceleration Strategy [Skyrexio]closed all long trades and the dump was without any actions. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView.
After that we have seen the wave A which consists of 5 waves. The next bounce was the wave B zigzag shaped. Today price dropped suddenly and hard, this is the sign that wave C is already in progress. Soon we will see the final target at 89k. From there we can expect the bullish continuation above 120k.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
