Author: Lucas Peterson

Recent Developments: What Does This Mean? Possible Scenarios: Indicators: Conclusion: The next few hours and days will be crucial to see whether Bitcoin finds support or continues its downward trend.

Current Market Situation: Wave Count Explanation: Technical Patterns and Indicators: Fibonacci Levels: Conclusion: Be mindful of potential downside if the wedge fails to hold, but at the moment, the bullish scenario still holds as the most likely outcome. Current Market Situation: Wave Count Explanation: Technical Patterns and Indicators: Fibonacci Levels:…

The chart illustrates a complex Elliott Wave structure and a potential falling wedge pattern, which is a key focus for the current price action. Let’s break it down: Conclusion: The market is at a critical juncture. A bullish breakout from the falling wedge would align with the larger Elliott Wave…

Bitcoin is currently moving within a falling triangle formation. Although this pattern is developing on a lower time frame, making it more fragile, it is still maintaining its structure. The falling triangle is typically seen as a bullish continuation pattern, especially when it occurs during a correction phase within an…

I’ve revised the low time frame analysis for Bitcoin, and the updated interpretation provides a more detailed and precise understanding of the current market dynamics. Key Observations: Bitcoin’s current market structure suggests that traders should remain cautious. While there are bullish signals, such as the descending triangle, their reliability is…

In the aftermath of the unexpected 11% drop that occurred earlier this week, we’ve adjusted our wave count to better align with the current market conditions. This drop has introduced significant volatility, leading to a reevaluation of both bullish and bearish scenarios as we analyze Bitcoin’s next potential moves. Bullish…