BTC is at a very key level, touching the trend line from the top, VAH on the full range and monthly resistance from here we will watch for a breakout and a new top or rejection and a return to the lows again! @BTC
Forecast for the month of October đđŒ As we enter the last days of September, we see another lower high for Bitcoin in the range of 65,000 - 66,000 đ. An important astronomical event - a new moon with a solar eclipse đđ, which will occur in the period October 1-4, can have an impact and lead to the beginning of a drop in price. Following the movement of the moon đ, between October 11 and 14 we can expect a correction or even the formation of a bottom đ, which would be suitable for cryptocurrency accumulation đ°. The period from October 16 to 18 heralds the beginning of an upward movement in the market đ, coinciding with the constellation Virgo đŸ and the last super full moon of the year đ. However, the most positive signals come from the period between October 19 and 21 đ, when Venus enters the lucky degree of Scorpio âïž. This astrological event favors optimism and favorable conditions for the market to rise đč, creating potential for upward movement and good trading opportunities. Follow the market and don't miss the important moments! đ #btc
Let's see which of the two scenarios will play out! On one we have an ABC uptrend after the drop and it should make 5 waves down, on the other a correction to wave 4 and a jump to wave 5! #btc
The divergence turned out to be quite weak and the price gave up the annual VWAP, making a 7% decline and taking the accumulated liquidity! If it fails to return to the previous range of 58k we will expect lower levels! #btc
Here according to Elliott Waves we can expect a 4th wave completion around 42-43K with fibonacci on a measured regular and logarithmic chart, once we have a correction completed it will determine the 5th wave is currently taken from the 49K level! #btc