Chart says it all.
We have an Elliot wave count of 5 with the 5th wave being a 5 wave extension and so it's going to correct and form the handle part of the cup and handle before possibly resuming the bullish trend.
Bitcoin is ready for another leg down as can be seen here: Hence bitcoin cash will follow.
Ready for another leg down. Bitcoin Cash will crash even harder!
Mark my words, perfect opportunity for a 100x short. I recommend a stoploss at 0.93 USD.
broke out of huge falling wedge and we have a confirmation by a confirmed cup and handle more easily visible on the smaller time frame charts.
broke out of huge falling wedge and we have a confirmation by a confirmed cup and handle more easily visible on the smaller time frame charts.
For now at least.
Me trying to predict the future, most bearish scenario.
ETP just hit the resistance line of the channel and is about to form the handle part of the cup and handle formation.
So we were in an ABCDE type correction channel and logically the price wanted to go down after that but it's still consolidating with a series of ABC corrections because of heavy fib resistance but it's going to crash to at least 6500 and might go back up to around 6800 before doing so.
Wdu think? Lemme know in comments.
Sorry for the messy chart but this is urgent as it gonna start crashing HARD like DIAMONDS any time now.. There's two double tops on this chart. One big one consisting of the red triangle as first big top and the smaller purple double top as second big top. The big double top hasn't been completed yet, BUT.. the smaller double top has been completed which means it...
So right now we have a confirmed bullish breakout out of the falling wedge, and are continuing to go upwards until we reach at least 9500 and possibly retest 10k. After that we'll retest the resistance of the huge triangle and either crash hard or go to the moon.