The Market is setting up for another BEAR run?
Hi people, we have seen BTC didnt had the power to form a new strong uptrend, witch is in fact really bad for this asset.
I do not think we will form the double bottom at 6 K.
This downtrend will continue for now, and we will see a massive drop the next days.
As of completing the wave 6 of my downwave lines. All people who are wondering that this is an elliot-wave failure! These are not elliot-waves, it is a normal downtrend witch will dorm the wave 6 now.
It could also be a big elliot-wave correction, witch has 6 bigger subwaves. However this correction now will face the bottom now, we have to see if the end of wave 6 (ABC-correction) is the bottom or we have another pull back.
Keep updated!
I do not think we will form the double bottom at 6 K.
This downtrend will continue for now, and we will see a massive drop the next days.
As of completing the wave 6 of my downwave lines. All people who are wondering that this is an elliot-wave failure! These are not elliot-waves, it is a normal downtrend witch will dorm the wave 6 now.
It could also be a big elliot-wave correction, witch has 6 bigger subwaves. However this correction now will face the bottom now, we have to see if the end of wave 6 (ABC-correction) is the bottom or we have another pull back.
Keep updated!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.