$ZIGUSDT Update🚀 We already said that this is one of the greatest investments, ZIGUSDT is the coin that will make us more than x5 - x10 within less than a year. Broken above a weekly level of resistance and trend. Expecting this to be the second chance for people to buy in 🚀
Yesterday we saw a proper shakeout. Triggered both LONGs and SHORTs.
Bitcoin now should consolidate for some time allowing altcoins to grow unhindered.
After that consolidation we must see another wave of growth up to the $40,000 - $42,000 levels and this resistance will more likely act as a local top for Bitcoin.
The real correction should start from there. But you need to know these are early plans, time can change things.
Bitcoin 2024 - 2025 Cycle Analysis - [ELLIOTT WAVES] I bet you’ve already seen the chart, but let me drop a few explanational words.
As you know, every movement has the following structure: «impulse - correction - impulse - correction - impulse». Speaking very roughly, this is what Elliott Waves 1-5 pattern is about.
Taking a mark of $16,000 as a bottom (and final) of the previous descending movement, we can also consider it as a start for a New Upward Movement.
1️⃣ The first wave (impulse) will be finished at 38.2% level by Fibo. This is $48,500 mark on Bitcoin. Q1 - Q2 of 2024.
3️⃣ The third wave will be finished at 78.6% level by Fibo. This is $86,000 mark on Bitcoin. Q2 - Q3 of 2024.
5️⃣ The last fifth wave finished at 100% by Fibo. This is $100,000 - $110,000 levels on Bitcoin. Q1 of 2025.
And as you can see, corrections during the first three waves usually are very tiny. If you are waiting for a massive correction down to buy more crypto… good luck to make a purchase at $70,000 by the end of 2024.