Hi, this is my quick Bitcoin Elliott Wave count and channel analysis. If you think in terms of percentage, it's definitely one of the weakest Bitcoin trends ever. However, I'm not blindly shorting, nor do I recommend it. You must look for setups when it gets bearish.
Trade active
immediately running wellNote
in case of a break above ATH, and seeing any good solid sell off, I would short like it's ww3, it can easily fall to 80K. but you all know the wedges(which are usually wave 5 of a 3) play naughty ? I said Only "IF" Trade closed: target reached
it fell like it's ww3 Note
s3.tradingview.com/snapshots/2/20ho3FGp.png wave 5 might get truncated, I told you all, do not put your money on an asset cause Trump, he might be good for your murican ego but not for your money, forgot how he was defending "only dollar" on foxnews when bitcoin was 7k? that's where i bought bitcoinNote
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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.