What if our all observation is too conservative??!!!
And mistaken?!?!
And mistaken?!?!
Note
We will know better when the price will retrace the move in the rectangle if it stops at 88.6-78.2, we are at the same program.I'll keep updating...
Note
I've been looking for a flaws in my idea again and agien, and I found something very interesting, as you will see at the pic below, those two impulse wave 5 counts (in the yellow rectangles) by 4hr chart came just after a strong declining in price (red rectangles), it may be a pattern as well, as I said, a correction to 78.2-88.6 fib will be acceptable.Note
so, as I can understand the things now bit better, it may be right to conclude that in the day of Bakkt, the price will go up, but it may be a bull trap, that will end in new lowes at the end of the run, exactly as we see at the picture attached above... I'll keep updating
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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.