Bitcoin is totally caught up in the Winter Olympics. It has climbed into the upper half of the turquoise jump between $39212 and $46233 and right now is observing the wind regime to decide whether it should go a bit higher still or jump already.
We still grant Bitcoin some room to finish wave [iv] in magenta at the upper edge of the turquoise zone, but it should not rise above $46233 to maintain our primary forecast. We expect it to jump off and float downwards, aiming for the perfect landing with wave [v] in magenta.
We still grant Bitcoin some room to finish wave [iv] in magenta at the upper edge of the turquoise zone, but it should not rise above $46233 to maintain our primary forecast. We expect it to jump off and float downwards, aiming for the perfect landing with wave [v] in magenta.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.