$BTC
Good morning, everyone!!
Let's do a medium- and long-term update.
Quarterly outlook:
We have a 50% upward signal forming, with a breakout at $87400 and a target of $131720. In other words, this could be the next ATH, but it could still retrace from $72685 to $60502 without invalidating this upward signal.
Considering the possibility of stronger retracements, we should take into account the "Bearrish Bat" pattern on the quarterly timeframe, which is still valid, with a high of $118423, and a low that could reach $61163.
If it breaks the $60502 support, it could trigger a 60.9% downward signal. In other words, if a market crash occurs, the next low, if it breaks the $60502 support, could be $24500. This is an extreme outlook, but as I always say, this is a probabilistic science: nobody has a crystal ball, and there are many possibilities. Therefore, it is also possible when we analyze current global fundamentals.
However, on the 12-month timeframe, we have a very clear pattern, the "Bearish ABCD" pattern, which indicates that the next ATH could be $144971. This is a long-term pattern; if it plays out, $BTC already put in its low at $57829, and the next low should not be below that.
Considering possible dips in the long term, we would have the following bounces or long entries:
🟢BOUNCES (Long)
REB1 $72685
REB2 $61163
BEB3 $57829
REB4 $24500 (very unlikely, but not impossible)
If you found this update useful, don't forget to give it a 👍 Like 👍 and share it.
Thanks for your support and for following me!
Trader Libélula 🦋🦋🦋
Disclaimer: This analysis reflects only my personal market opinion and is shared for purely educational and informational purposes. Under no circumstances does it constitute financial advice, an investment recommendation, or trading advice.
#Write2Earn #BTC #BTCUSDT
Good morning, everyone!!
Let's do a medium- and long-term update.
Quarterly outlook:
We have a 50% upward signal forming, with a breakout at $87400 and a target of $131720. In other words, this could be the next ATH, but it could still retrace from $72685 to $60502 without invalidating this upward signal.
Considering the possibility of stronger retracements, we should take into account the "Bearrish Bat" pattern on the quarterly timeframe, which is still valid, with a high of $118423, and a low that could reach $61163.
If it breaks the $60502 support, it could trigger a 60.9% downward signal. In other words, if a market crash occurs, the next low, if it breaks the $60502 support, could be $24500. This is an extreme outlook, but as I always say, this is a probabilistic science: nobody has a crystal ball, and there are many possibilities. Therefore, it is also possible when we analyze current global fundamentals.
However, on the 12-month timeframe, we have a very clear pattern, the "Bearish ABCD" pattern, which indicates that the next ATH could be $144971. This is a long-term pattern; if it plays out, $BTC already put in its low at $57829, and the next low should not be below that.
Considering possible dips in the long term, we would have the following bounces or long entries:
🟢BOUNCES (Long)
REB1 $72685
REB2 $61163
BEB3 $57829
REB4 $24500 (very unlikely, but not impossible)
If you found this update useful, don't forget to give it a 👍 Like 👍 and share it.
Thanks for your support and for following me!
Trader Libélula 🦋🦋🦋
Disclaimer: This analysis reflects only my personal market opinion and is shared for purely educational and informational purposes. Under no circumstances does it constitute financial advice, an investment recommendation, or trading advice.
#Write2Earn #BTC #BTCUSDT
