Short

BTC is preparing to crash

Updated

Hi
Wave A primary was completely done and
it seems that its wave B is also finished and
market is preparing to another drop of BTC (and most of others).

Thanks

Note

Hi my friends
As you know all financial markets are in involved to each other (Because their main owners are the same) so we have to see other markets like Forex, Metals and Stock.
As you know USD is dropping step-by-step after every corrections (Which is happening now) and parallel to that Stock is getting ready to a BIG CRASH and in the other side there are Metals and the most important of them is Gold that is making its lowest price to start a HUGE UP TREND RALLY.
Think about this concept and find that where will be the place of CRYPTO MARKET in this scenario. It will rise up (with Gold) and swallow a part of market maker wealths or lets Gold to rise up solely.
Another point that should be considered is the market atmosphere: As you know Gold (Metals) need unstable situations like wars (which is happening) to rise up and Crypt needs peace and stability ( which is not happening now), so fundamentally also this is not the time for crypto.

MY comment to you all: Be careful and do not invest in that market that you are not confident about that because we will many global disastrous in the short term.

BE SAFE AND HAPPY

Note

Hi my friends
if I have not written any updates for crypto industry is not due to my
hesitation or surprise. I never trade in a correction (Range) market in weekly
timeframe and it is happening for BTC. In my strategy I always try to find a market
that is in wave 3 in weekly timeframe (Like Gold and Silver).
I recommend you never be lock in a market that is not confident and try to
find the chance in the whole marker. It is not important which market you are
trading, it is crucial that the market you are investing in is a confident one with
enough volume.
Never forget that Elliott Wave Strategy let you walk amongst all market waves and pick the best ones.
What is happening for BTC is a correction pattern and I am waiting for the next down movements but I can see some other coins are making their wave 1 (Smart Money) and I guess they will have time consuming wave 2 till BTC completes its down trend.

Thanks

AMAghili

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