Hello traders, Bitcoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 3 day timeframe.
We first discuss the general structure:
In this structure, the main waves 1, 2 and 3 are formed and now we are inside wave 4.
If we want to compare the main wave 4 with the wave 2, which we do not have a complete structure, we have wave 4, which in the third stage of the flat pattern that we are likely to form will form a deep motion.
At present, the flat pattern is made up of the 4 main waves of wave a in a zigzag pattern, and now we think we are inside wave b.
In the beginning of the structure of wave b, we thought that this wave would be the same as wave a, but in its last motion, it left the angle of the previous wave and has a completely new phase.
We assume that wave b is in the form of a triple zigzag that completes wave w and is now inside wave x.
The y and z wave targets are set at a ratio of 1 to 1.
The y-wave structure is likely to start when the roof of the black channel breaks, and this channel is likely to break after a correction from a recent ascent.
This ascending phase continues until the warning limit and the bottom of the orange channel and our other channel are broken down.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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