BitcoinUpdated Next bear wave incoming til end november?
No-trading zone for me, I will simply wait for a breakout, considering this could be solved sideways, downwards and upwards.
What I would wish for is a weekly candleclose tomorrow night above the historically important weekly EMA200 which is currently our strongest support.
If we close underneath by next week´s sunday close (capitulation in a big wick down to 2.9k possible), it will probably take a long long time to recover from that.
I am still learning Elliott so please don´t judge too hard if the waves ain´t fully correct...
What I would wish for is a weekly candleclose tomorrow night above the historically important weekly EMA200 which is currently our strongest support.
If we close underneath by next week´s sunday close (capitulation in a big wick down to 2.9k possible), it will probably take a long long time to recover from that.
I am still learning Elliott so please don´t judge too hard if the waves ain´t fully correct...
Note
Updated Elliott WaveNote
Fairly possible 4 is going to go higher and 5 will therefore be delayed, let´s see ...Note
UPDATED, Option 2 from 6h Bitstamp: Reversal Falling Wedge on close come into play. Possible Long.
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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.