Bitcoin Bear Scenario (Check my profile for the bull count)
While I do have a bull count.
Am more inline with this bearish forecast and count. History can repeat itself. I favor this more not just because micro count Bitcoin looks bearish in the short term but if it drops at this support then we can see a greater and bigger bull run for Bitcoin basing on Elliott Wave theory.
But you can't be too certain it can still break further down invalidating this forecast.
Take a look at Bitcoin's dominance as well. Posted at my profile it's shown that Bitcoin's dominance is bearish. My theory is if my forecast for BTC's dominance comes true and bouncing from support. This will be inline with Bitcoin going to a bull run.
Am more inline with this bearish forecast and count. History can repeat itself. I favor this more not just because micro count Bitcoin looks bearish in the short term but if it drops at this support then we can see a greater and bigger bull run for Bitcoin basing on Elliott Wave theory.
But you can't be too certain it can still break further down invalidating this forecast.
Take a look at Bitcoin's dominance as well. Posted at my profile it's shown that Bitcoin's dominance is bearish. My theory is if my forecast for BTC's dominance comes true and bouncing from support. This will be inline with Bitcoin going to a bull run.
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