The ranch hand (chart) reckons Bitcoin hit a big wave‑3 peak, then swung into a corrective wave‑4 saddle.
Now it's circling the watering hole, teetering around a key resistance near $110k—the cowboy‑critical line in the sand.
If that line holds strong, expect another surge—an “inverse wave‑4, strong 5” push higher toward $115–120k.
But if it buckles, a darker scenario’s afoot: a red‑inked, five‑wave drop galloping down toward $85k.
Bottom line: keep your hat on—$110k is the frontier. Break above that, and the herd’s heading north; if not, saddle up for a ride downhill.
BTCUSDT.P
BTCUSD
Now it's circling the watering hole, teetering around a key resistance near $110k—the cowboy‑critical line in the sand.
If that line holds strong, expect another surge—an “inverse wave‑4, strong 5” push higher toward $115–120k.
But if it buckles, a darker scenario’s afoot: a red‑inked, five‑wave drop galloping down toward $85k.
Bottom line: keep your hat on—$110k is the frontier. Break above that, and the herd’s heading north; if not, saddle up for a ride downhill.
BTCUSDT.P BTCUSD 
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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.