BitcoinShort
BTCUSD - Acceleration incoming
Another short update on my expectations in Bitcoin. BTCUSD
In the last few days we saw a solid downtrend in Bitcoin and successfully corrected 1000$ since the top of Wave B.
Now my expectation is that this downtrend was Wave 1 and the volatile pump from yesterday would be Wave 2.
A hard drop in Wave 3 has gotten more likely and i expect Wave 3 to start in the next few days.
Just keep in mind that another detour to 11500$ is still possible but very unlikely, i will keep this alternative on the chart until Wave 3 starts!
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
BTCUSDIn the last few days we saw a solid downtrend in Bitcoin and successfully corrected 1000$ since the top of Wave B.
Now my expectation is that this downtrend was Wave 1 and the volatile pump from yesterday would be Wave 2.
A hard drop in Wave 3 has gotten more likely and i expect Wave 3 to start in the next few days.
Just keep in mind that another detour to 11500$ is still possible but very unlikely, i will keep this alternative on the chart until Wave 3 starts!
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.