#BTC ENDS WAVE B at 28k5$

Where will #BTC and #Altcoin go???

1. Technical analysis:

- In the Ellioot wave, we can see that wave B has formed, meeting the minimum wave conditions. This means running all 3 abc return waves. When this worst-case scenario occurs, wave B will end at $28k5

However, in wave B, the Zigzac pattern XYZ is often run, which is an expanded form of abc. With the condition that BTC must create a support zone above $27k2. And break above the EMA200 line in frame D1.

Then Bitcoin will have a final increase to $29-30k before starting wave C.

- Frame W1: Last week closed a Doji Volume tree larger than the previous Full green tree!

Signaling a reversal pattern

This week it is testing below Ema200 at 26k9

The red stoch at the lower 50% is crossing the yellow stoch at the upper 50%.

- Frame D1: The price line broke the Ema200 zone at 27k$

with strong force and small volume. The red Stoch cut down very strongly. Shows that there is no supporting force

- Frames H4 and H1 are creating a beautiful convergence area

Signaling recovery rhythm in small frame!

⏩ CONCLUSION:🧐

- BTC is preparing the conditions before running wave C. There may be a short recovery to 29-30k and then there will be a break of the recovery wave and a sharp decline!

- The short wave has not really reversed after the sharp decline in the past 2 days!

So it's not yet confirmed whether BTC will have a final beat or not!

But with current Volume and indicators, this possibility is not high!

Especially the strong support zone of the multi-frame EMA200 26k9 - 27k2 has been broken!🧐💎

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2. WHAT WILL BE THE TREND OF BTC & #ALTCOIN🦈

- When BTC runs this wave C with Total falling sharply, Total 3 will fall sharply.

⏩ #Altcoin will fall even stronger and many coins will create new bottoms 🙄

- This ABC rhythm of BTC represents wave 2.

In case BTC still maintains its price above 15k44, wave 3 will begin!

Timing around the second quarter of next year!