Meta has broken the market structure and started a deep dive. The weekly chart looks like a hot RED falling knife.
There are no long term fib support anymore, the trend is now 100% bearish on the weekly chart.
There will be fake rallies until we see a real support.
The only support levels will take us back to 2015 or even before.
Look at the chart for more...
After the recent twee of Elon twitter.com
$Doge has started a new day and +15% at the time of writing.
If the 21EMA crosses above the 200EMA, the trend changes too bullish .
The next level I will be watching is the 1.618 fib extension level bringing $DOGE above $0.21
Everybody is talking about it but honestly nobody knows. So let’s analyse both scenarios using the Elliott wave theory (*).
A) Yes BTC bottom:
The red Elliott Wave ends with wave 5 somewhere around 3100$ level.
And therefore the Green Elliott Wave (GEW) starts and is on the move to finish its biggest impulsive wave 3. Therefore we need to break 4200-4300 and...
