BTS/BTC Bottom may not be in but +1000% VERY LONG TERM

Updated

Hi guys was doing some personal analysis and decided to share as BTS 0.00% is behaving strangely at the moment. The weekly chart looks great we have definitely reached a bottom and are still in a clear uptrend and can see plainly the nice wave 1 rally. The wave 2 correction as ABC looks like it not done just yet however. Wave C must always have 5 waves down which at the time of writing the current wave C hasn't formed 5 clear waves that do not break Elliot wave rules (I have tried many cases). I also find it hard to believe we are getting a running flat (wave C shorter than wave A) in a bear market as well as taking into account BTS 0.00% had one of the weakest bounces I have seen from BTC's 6k dip. So for me my primary count is further downside which I have drawn for you.

1D INDICATORS

RSI: Looks to have formed bottom
MACD: More room to go down

BUY ZONE AND TARGETS

Buy zone: Anywhere between 1800-2500 sats -2.57% .
Targets Mid term: 4500, 6000 sats -2.57% .
Targets Long term: 12000 sats -2.57%
Targets Very long term: 18000 sats -2.57% (new ATH -0.47% +1000%!!!)

This is a very long term trade so do not expect the annoying moon anytime soon.

*Not financial advice*

Trade active

Buy zone approaching

Trade active

Hi guys we hit the buy zone perfectly and got a small bounce which will be wave 4 so remember we will likely go down a little more for wave 5 before we hopefully resume an uptrend. It may take a while but we should get solid gains medium term.

Trade active

Hey guys we bounced right off the 0.786 fib, nothing to be excited about yet but its a very good sign happy trading.

HyperionAllied

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