AlgoFyre

AlgoFyre

Bitcoin's weekly outlook indicates a potential bearish shift, marked by a failed auction and a possible head and shoulders pattern. A retest of the sell-side liquidity (SSL) zone may confirm further downside. Lower highs reinforce selling pressure, suggesting weakened bullish momentum. 🟢 Short-Term Outlook (Next Few Days to Weeks) - Bullish Scenario 🔸 Key...

AlgoFyre

The market is at a crucial point near the all-time high, with potential for both bullish and bearish outcomes. Key levels and possible scenarios are highlighted, with the US election as a significant upcoming event. 🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸 W Structure Bullish Setup : It's October 30th, 2024. The market has formed...

AlgoFyre

The market is expected to stay within a tight range leading up to the election, with the potential for both bullish and bearish outcomes. A bullish scenario may lead to a significant rise, while a bearish scenario could result in a correction. Both possibilities are on the table. 🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸 Leading...

AlgoFyre

The market shows a bullish scenario with potential for an impulse wave up after a correction, possibly surpassing the all-time high post-election. However, two bearish scenarios suggest a major drop to 20K in the long term, highlighting significant downside risk. 🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸 Leading Diagonal (Green)...

AlgoFyre

🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸The current wave structure appears unfinished to the upside. The wave seems truncated, suggesting that another upward move may be needed for completion. Although there is a visible three-wave pullback, it seems more likely that the market could push higher before a more definitive direction...

AlgoFyre

🔶 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🟢 In the bullish case, Bitcoin is currently in the third wave of an Elliot Wave structure, which typically signals a strong upward movement. Over the next few weeks, this wave could drive Bitcoin’s price to targets between $120k and $140k, based on Fibonacci extensions. 🟢 For this scenario to...