BitcoinLong
#BTC Big Picture Update 04.05.2024
#BTC Big Picture Update
It was expecting around 74250k but the High was at 73k Area
Now what happens next?
I would say after this whole pump BTC should make a nice ABC correction and should this drop (which we saw on 01.05.2024) be our WAVE (A), we still have wave B and C ahead of us, where the B ending between 66k and 68k, and after the Resistance is confirmed comes wave C, which could cause a drop even to 48k and take as many with it as possible (liquidation).
This was one variant, and the other is if BTC manages to hold above 68k and the 2nd weekly candle closes above it (or the first candle is seen with a massive pump) then I am sure the journey will continue where TP1 will be 88k.
It is important that you keep referring back to my BTC Big Picture to understand where we are, I can tell you that my BTC charts are extremely useful.
If we see a massive drop no matter when, please remember the 48k mark because there we have a Yearly support that was previously resistance but was broken on 05.02.2024 and has not yet been tested.
Cheers
It was expecting around 74250k but the High was at 73k Area
Now what happens next?
I would say after this whole pump BTC should make a nice ABC correction and should this drop (which we saw on 01.05.2024) be our WAVE (A), we still have wave B and C ahead of us, where the B ending between 66k and 68k, and after the Resistance is confirmed comes wave C, which could cause a drop even to 48k and take as many with it as possible (liquidation).
This was one variant, and the other is if BTC manages to hold above 68k and the 2nd weekly candle closes above it (or the first candle is seen with a massive pump) then I am sure the journey will continue where TP1 will be 88k.
It is important that you keep referring back to my BTC Big Picture to understand where we are, I can tell you that my BTC charts are extremely useful.
If we see a massive drop no matter when, please remember the 48k mark because there we have a Yearly support that was previously resistance but was broken on 05.02.2024 and has not yet been tested.
Cheers
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