Bitcoin / TetherUSShort
Drop to 13k in future
Unfortunately, in the monthly candle , the neckline of the double top is broken. And we see the third wave of Elliott.
In my opinion, we have a correction in the fall of the price, from support to the range of 30k$, which is a pullback to the neckline of the double top. This return creates a wave of 4 Elliotts and the last drop to 13k$, which is the most important support for Bitcoin.
In my opinion, the change of the trend starts from this point and the beginning of the downward trend takes about a year.
In my opinion, we have a correction in the fall of the price, from support to the range of 30k$, which is a pullback to the neckline of the double top. This return creates a wave of 4 Elliotts and the last drop to 13k$, which is the most important support for Bitcoin.
In my opinion, the change of the trend starts from this point and the beginning of the downward trend takes about a year.
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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.