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Quoted By: >>21352903
Bitcoin is pumping!
I expect Bitcoin to hit 64,000 - 63,500 USDT in the immediate short-term for the following reasons:
>The falling wedge is breaking out, the price is now above the main trendline, and the downtrend is exhausted.
>My Elliott Wave count suggests that we have completed the corrective pattern WXYXZ (triple three).
>Bitcoin created 2 major FVG (fair value gaps) above the current price. Usually these gaps tend to be filled pretty quickly, so be ready for the bull price action!
>The 200 1H MA (simple moving average) needs to be tested as well. We saw a breakout of this MA, but never seen a retest of it.
>October is statistically an extremely profitable month for Bitcoin, so this gives us a statistical advantage.
I expect Bitcoin to hit 64,000 - 63,500 USDT in the immediate short-term for the following reasons:
>The falling wedge is breaking out, the price is now above the main trendline, and the downtrend is exhausted.
>My Elliott Wave count suggests that we have completed the corrective pattern WXYXZ (triple three).
>Bitcoin created 2 major FVG (fair value gaps) above the current price. Usually these gaps tend to be filled pretty quickly, so be ready for the bull price action!
>The 200 1H MA (simple moving average) needs to be tested as well. We saw a breakout of this MA, but never seen a retest of it.
>October is statistically an extremely profitable month for Bitcoin, so this gives us a statistical advantage.
