Bitcoin - Next 18% crash is almost ready!
Updated
Bitcoin is almost ready for an 18% crash. One more small pump is possible because we have an unfilled FVGAP above the current price. Usually, the market moves in waves as per Elliott Wave theory. My Elliott Wave count suggests that we are still missing another wave to the downside market as WXY. Currently, the price of Bitcoin is inside this parallel descending channel, which you can use to your advantage and trade it accordingly. Where can you take profits from your short position? Always use a Fibonacci extension tool and target a 1:1 FIB extension for corrective waves. In this case, the 1:1 FIB extension is at 34000 USDT.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Note
The fair value gap hit on the daily chart.
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