Disclaimer: do not take this as financial advice, i'am just learning :)
1- i see that we are starting to form the last part of the correction cycle
2- in green we are forming the wave number 1 of the long term Elliot wave
3- we could see 14000$ anytime soon before visiting 10000$ level (or we could break through and reverse)
1- i see that we are starting to form the last part of the correction cycle
2- in green we are forming the wave number 1 of the long term Elliot wave
3- we could see 14000$ anytime soon before visiting 10000$ level (or we could break through and reverse)
Note
there is no sellers, we are consolidating before a jump to the 14000$Note
a bull trap to the 14000$ is kinda confirmed, the market is indecisive, there no sellers left so we will see the 14000$ and then possible huge sell off to the 8000-9000$ markNote
resistance at 50 d MA (11700) but regardless i think we will continue moving up, but we will retrace to 11000$ before thatNote
yeah we could see a bearish movement to 9000$ but what if we already hit the low ?! notice the ABC correction waves (blue arrows)
everything will be clear in the next 24-36 houres
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.
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.