BitcoinShort
Every bubble ends somehow
Not really of strong opinion about that. And its the middle of the night for me but I felt to publish that idea just in case I was right :)
I used Elliot Wave Theory here backed with some fundamentals. From the top we can notice a movement that we can define as first impulse wave. Correction could be classified as ABC reaching a popular Fibonacci level which is classic for end of wave 2.
I've done two mistakes in my life. That when I was in university and bitcoin was worth nothing I did not buy just some. And maybe that I am not opening short position. Time will tell. It is the middle of the night and I don't feel like that reasonable to open large positions now.
At the moment of publish BTCUSD is at 37400
I used Elliot Wave Theory here backed with some fundamentals. From the top we can notice a movement that we can define as first impulse wave. Correction could be classified as ABC reaching a popular Fibonacci level which is classic for end of wave 2.
I've done two mistakes in my life. That when I was in university and bitcoin was worth nothing I did not buy just some. And maybe that I am not opening short position. Time will tell. It is the middle of the night and I don't feel like that reasonable to open large positions now.
At the moment of publish BTCUSD is at 37400
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