Bitcoin – HUGE CRASH is not over!
Hello, everyone!
Exactly! Exactly as was predicted. Bitcoin reached $21500 and crashed. I am proud that I finally learned a little bit about trading chaos approach and correctly anticipated the Elliott waves. In my last analysis I told you that that wave 5 of previous wave higher order will be finished at $21500. Today we saw the start of the wave 3 – the most impulsive wave. Let’s go!
Let’s take a look at the BTCUSDT chart 1h timeframe of the WhiteBit exchange. Here we can see that after the wave 1 have been finished wave 2 reached exactly 0.61 Fibonacci retracement before showing us the crash in the wave 3. Let’s notice that wave 3 reached exactly the 1.61 Fibonacci level and now I am waiting for the local correction to 0.61 Fibonacci level, approximately to 19k. Here will be the nice short opprtunity.
The dump have not finished, the bear market will continue to 12k. Of course I observe the market and can change my targets, but now I consider 1-2 months of dumping before the bear market end. I have been waiting for this dump 2 months earlier, but market decided to annoy me with the flat.
Best regards, Ivan
Exactly! Exactly as was predicted. Bitcoin reached $21500 and crashed. I am proud that I finally learned a little bit about trading chaos approach and correctly anticipated the Elliott waves. In my last analysis I told you that that wave 5 of previous wave higher order will be finished at $21500. Today we saw the start of the wave 3 – the most impulsive wave. Let’s go!
Let’s take a look at the BTCUSDT chart 1h timeframe of the WhiteBit exchange. Here we can see that after the wave 1 have been finished wave 2 reached exactly 0.61 Fibonacci retracement before showing us the crash in the wave 3. Let’s notice that wave 3 reached exactly the 1.61 Fibonacci level and now I am waiting for the local correction to 0.61 Fibonacci level, approximately to 19k. Here will be the nice short opprtunity.
The dump have not finished, the bear market will continue to 12k. Of course I observe the market and can change my targets, but now I consider 1-2 months of dumping before the bear market end. I have been waiting for this dump 2 months earlier, but market decided to annoy me with the flat.
Best regards, Ivan
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