Review:
In my previous update on October 7th, I had the expectation that BTC will go to 46000 zone by end of January 2024.
Update:
Analysis of the Structure:
We are in wave IV of C of (3). A fib target for wave (3) peak is 49926.
Analysis of the Cycles:
We are in the second 20D cycle of the first 40D cycle of the second 80D cycle of the first 20W cycle of the current 40W cycle.
Overall cyclic expectations:
In my previous update on October 7th, I had the expectation that BTC will go to 46000 zone by end of January 2024.
Update:
Analysis of the Structure:
We are in wave IV of C of (3). A fib target for wave (3) peak is 49926.
Analysis of the Cycles:
We are in the second 20D cycle of the first 40D cycle of the second 80D cycle of the first 20W cycle of the current 40W cycle.
Overall cyclic expectations:
- 40D cycle trough on December 24th 2023.
- 80D cycle trough 21nd January to 2nd February 2024.
- 40W cycle trough in June 2024.
