Today's article expresses personal opinions based on the current reality of BTC weekly chart. It is not used as a basis for placing orders and is for reference only.
1: It took 49 days for the callback from point A to point B to be 17346 points; it took 37 days for the rebound from point B to point C to be 15606 points, with a rebound amplitude of 89.9%.
2: The total time from point C to point D is 18814.5 points, which is a total of 21 days.
My personal opinion is that the height of point E will not exceed that of point C, and the rebound proportion from wave 4 will not exceed that of wave 2.
Here are the reasons:
1: If wave 5 does not exist, then the previous waves 1234 should be a W shape. This shape usually has a characteristic that point D is higher than point B, but BTC does not have it.
2: The decline of wave 3 is greater than that of wave 1, and the duration is shorter, only 28 days, showing the characteristics of fast speed and large amplitude.
Therefore, my personal opinion is that in this rebound, E will most likely not exceed C, and the proportion will not exceed 89.9%. The limit should be around 78.6%. According to this calculation, it is approximately in the range of 68,000 to 68,500.
Highlights for the coming week
1: Focus on whether point E will exceed C. If it does, all the above viewpoints need to be overturned.
2: When it does not exceed, a short signal appears in a period of more than four hours, especially if a short signal is generated in the 67500~68500 range of BTC, you must pay close attention.
3: According to the time ratio of the pullback and rebound of wave 1 and wave 2, this rebound will most likely not exceed 21 days. Today is the 13th day, which means that the next week is very critical.
If the above reasoning is valid: the future 5th wave trend will be the largest trend since March this year, and perhaps also the largest trend in the second half of the year.
Brothers, come on, seize the opportunity and achieve financial freedom as soon as possible!
