Everything remains the same regarding BTC
Zone 97k, nobody talk to me about it " My most important point*
Now we have 2 scenarios :-
* Extended and strong upward scenario
The main idea here is that
The current upward wave is not a normal wave 3 but an extended wave 3 within a strong upward trend,
Thus, the price will not correct now, but will continue to rise to higher targets before any drop.
Confirming this is the breakout at the level of 94,200$
And the stability above it ..
The target is 97k before the start of any correction ..
* And let's not forget that we also have a major corrective bearish scenario
The idea is that the current upward wave may have completely ended (5 waves), and this means that the price will start a larger A-B-C correction before continuing its upward trend later.
Of course, this is if the price breaks the level of 89,000$
And this level is important because it represents the end of wave 4 in the main scenario
If this happens, we consider that wave 5 has ended, and that the market has actually entered a large ABC.
A → The first strong drop towards
86,500$
B → A minor corrective rebound to
• Approximately 89,000$
C → A stronger drop reaching
Approximately 84,000$
( 82,800$ ideal target for wave C)
The summary of this scenario
• Breaking 89k = major corrective drop
• Downward targets: 86.5 → 84 → 82.8K
Reminder :-
1- The 97k area is important ..
Any necessary upward wave consists of 5 waves; otherwise, I won't call it an uptrend (it would be more appropriate to say corrective uptrend after the drop that occurred, and this is a promise from me on BTC)
We are within wave C in the bullish scenario of course (wave C consists of 5 waves) we are currently exactly in wave 3 within wave C ..
Thank you
