Bitcoin will pump before the final bearish move! for WHITEBIT: BTCUSDT by SkyrexTrading – Technical Analysis – 2022-11-25 15:14:27

Hello all!

You know, I wanted to catch the bottom of the domestic 5 wave later bitcoin But this wave that I could see was shorter than I suppose. It is now obvious that the market has started to correct upwards to $18k and we now need to find a low risk long trade.

Let’s take a look at the 1 hour timeframe for BTCUSDT WhiteBit exchange scheme. The price has already finished wave 3 of whatever order we don’t care about right now. We can infer due to the internal wave structure. Sub-wave 5 pressed below the bottom of sub-wave 3 and bitcoin Breaking all local critical levels to continue this 5 wave in the downtrend. As a result, the market started corrective wave 4 of higher order to the upside. I’m thinking of ABC winding . Wave A has already ended. Now is the time for wave B. It usually retraces to the 0.5 Fibonacci level, around $16,200. There I plan to open a long position with a target of 0.5 fib for the higher order impulse.

Now that I’ve hit $18K, I expect this new and final bear market crash to fill my portfolio. bitcoin and various digital currencies.

Sincerely, Evan

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