BTC/USDT Update day Time Frame Dropping with $BTC . Support trendline breaking down =>Next target: 58–60%. 💯💯💯 Altcoins might finally get room to move. #BTC #Binance #WriteToEarnUpgrade
If you strip alts back to a line chart and ignore the noise for a minute, most solid alts look the same. Clear wave A or 1 up, followed by a very clean three-wave correction down - hitting standard fib extensions, volume areas, and every bit of TA that usually says you should be looking for longs. - This isn’t bearish. The whole point of Elliott Wave is identifying setups before they happen, based on mass psychology. After a clean 3-wave correction, many alts are likely forming lower-degree wave 1s with deep wave 2s - which is typical. Invalidation is simply the current lows. For many, this is peak bull validation.
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BTC has a huge Inverse fair value gap between 93,300 to 94,400. That means from here BTC will chase this level. BTC will pump from here to this zone of 94,000 and then dump from there. So im expecting aggressive pump here to this zone. Entry: 90,600 – 90,900 DCA: Stoploss: 88,900 Targets 91,800 92,500 93,300