Everything is possible.
The dot line was a support line last time but became a resistance. Will the other dot support line also become a resistance?
But it looks like we will have again a 5 Wave down. Maybe almost identical like last time (who knows,not me). meaning Wave 1 is finished, wave 2 is started and being bullish till around 61-63000,flirting with the dot and striped support line (with sometimes a fake out, would be typical in this market) + almost same high like last time before big wave 3 will start according last time, this CAN happen around the middle of half december. Also on the RSI will touch that trendline. going back in the triangle. up again so meaning wave 4 till the top resistance red line of the triangle (maybe a crossing that line, saying a fake out) after wave 5 wil start
The dot line was a support line last time but became a resistance. Will the other dot support line also become a resistance?
But it looks like we will have again a 5 Wave down. Maybe almost identical like last time (who knows,not me). meaning Wave 1 is finished, wave 2 is started and being bullish till around 61-63000,flirting with the dot and striped support line (with sometimes a fake out, would be typical in this market) + almost same high like last time before big wave 3 will start according last time, this CAN happen around the middle of half december. Also on the RSI will touch that trendline. going back in the triangle. up again so meaning wave 4 till the top resistance red line of the triangle (maybe a crossing that line, saying a fake out) after wave 5 wil start
Note
Wave 1 went lower then expect. it went perfect on the support trendline.So now we have a hidden bullish divergence and maybe it's time for wave 2
Wave 2 should be starting and going to 61.8 fib around 60000.
Time will tell
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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.