Bitcoin - huge WARNING sign!
Hello, community!
Today it's time to analyze
BTC on the weekly time frame. The huge warning sign has been flashed and we expect the huge dump soon, but Skyrexio SmartBot tells us that market can show another one local pump to $31200 before the deep dive.
Let's take a look at the chart 1. On the 1W time frame Bitcoin has printed 5 waves of the Elliott waves cycle. Look how perfectly price every time found support at 0.5-0.61 Fibonacci retracement zone. Current pump was the last one because BTC has already created and confirmed the bearish reversal bar. This is huge bearish sign and the worst time is incoming for crypto in our opinion. But anyway BTC can show local pump to $31200 before bears take control of the market.
https://www.tradingview.com/x/C4M4egJZ/
Skyrexio SmartBot has broken the local support and now is trying to break above it. I think it will happen and price will reach the green line at $31200. Look how perfectly this target corresponds to the target pointed out above.
Best regards, Skyrex team
___________________________________________________________
🔥Please, follow me and smash the rocket🚀 button to support us🔥
Today it's time to analyze
BTC on the weekly time frame. The huge warning sign has been flashed and we expect the huge dump soon, but Skyrexio SmartBot tells us that market can show another one local pump to $31200 before the deep dive.Let's take a look at the chart 1. On the 1W time frame Bitcoin has printed 5 waves of the Elliott waves cycle. Look how perfectly price every time found support at 0.5-0.61 Fibonacci retracement zone. Current pump was the last one because BTC has already created and confirmed the bearish reversal bar. This is huge bearish sign and the worst time is incoming for crypto in our opinion. But anyway BTC can show local pump to $31200 before bears take control of the market.
https://www.tradingview.com/x/C4M4egJZ/
Skyrexio SmartBot has broken the local support and now is trying to break above it. I think it will happen and price will reach the green line at $31200. Look how perfectly this target corresponds to the target pointed out above.
Best regards, Skyrex team
___________________________________________________________
🔥Please, follow me and smash the rocket🚀 button to support us🔥
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