BTCUSD: Signs of the next increase

31 oct. 2023

The H4 BTCUSD chart is still showing a steady sideways movement, with the accumulation price range holding steady. We've recently observed a bearish reversal pattern known as the bearish Wolfe Wave. When point 5 of the Wolfe Wave pattern is reached, it signals a potential price reversal according to the Wolfe wave theory. In this instance, point 5 aligns with the price frame boundary, further increasing the likelihood of a reversal.

2 nov. 2023

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