BTC analysis, follow up from my previous posts about BTC (check links below).
I'm expecting a bounce near the 34k level where this corrective ABC started before going down for wave 5. However a news driven event can rapidly accelerate this.
Bears in full control, 22k is the EW target for wave 5.
I'm expecting a bounce near the 34k level where this corrective ABC started before going down for wave 5. However a news driven event can rapidly accelerate this.
Bears in full control, 22k is the EW target for wave 5.
Note
This is still totally accurate, only difference is that this might be a 1-2 going for the 3 of wave 5. Prepare your anus.The smaller timeframe wave 3 was actually a wave 5.
Note
Prepare ourselves for impactTrade closed: target reached
Target HIT, THE FIRST TRUE potential wave 5 bottom is inNote
We can go far further, but this was on elliot count the first potential 5 down structure. A breakdown further should be milder on short term or we can have a bounce with a very sharp move to lower lows for final capitulation. Don't feel left out if we have a strong bounce. We will visit lows again for sure.
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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.