Skyrexio | Scared Already? The Worst Is Coming!
2025-01-27
Category: None

Hello, Skyrexians!

First of all we want you to make calm:  BINANCE:BTCUSDT  is still in huge bull run and $140k target is still actual. The main question, how it plans to reach this level. Now we have two scenarios and one of them you will now like.

Let's take a look at the daily time frame. The bad signal are two red dots at the top on  Bullish/Bearish Reversal Bar Indicator  . It could be waves 3 and 5. In this case impulse of higher degree is finished and market is entering the major correction. If our assumption about bull run continuation is right, BTC usually tends to reach 0.38 Fibonacci level. Now this level is at $80k. This is the worst scenario. After that $140k is reachable target.

We also have not so painful scenario. Price now is at the local Fibonacci level. If $96k is going to be hold we can see the extended wave 5, which will reach $140 in the nearest future.

Best regards,
Skyrexio Team

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