Bitcoin - Long Trade Idea - Updated Target...
Based on my revised analysis, it appears that we are currently in Wave (C) of the presumed zig-zag pattern.
A minimum expectation is for prices to reach the $48,000 range. To validate this projection, we need to observe a breakthrough at the $43,565 level.
If this count proves accurate, it suggests a larger zig-zag pattern than initially anticipated, with a supportive level at $42,224.
While the possibility of this evolving into a more extensive 5-Wave Move cannot be entirely ruled out, it is prudent to exercise caution, especially around the peak levels. It's important to note that this count has not been confirmed yet, emphasizing the need for a cautious approach.
A minimum expectation is for prices to reach the $48,000 range. To validate this projection, we need to observe a breakthrough at the $43,565 level.
If this count proves accurate, it suggests a larger zig-zag pattern than initially anticipated, with a supportive level at $42,224.
While the possibility of this evolving into a more extensive 5-Wave Move cannot be entirely ruled out, it is prudent to exercise caution, especially around the peak levels. It's important to note that this count has not been confirmed yet, emphasizing the need for a cautious approach.
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