BitCoin breakdown is in progress - Wave 5 has started
My last idea about the bitcoin (www.tradingview.com/...ar-Wave-4-ends-soon/) holds pretty strong currently, therefore I would like to take a closer look at the final 5th wave that may push the price down to 8k.
My Hypothesis: We are still in the ABC Correction that has started in December at around $20k. We are in Wave C which has a 12345 Sub-Wave pattern. Sub-Wave 4 seem to have ended like I described in my last idea and Wave 5 has started. I anticipate that Wave 5 will have an ABC sub-wave pattern as Wave 5 likes to form a similar pattern then the overall correction. We are currently in Subwave A. I think we will, therefore, have good buying opportunity between 9.5-8.0k.
My Hypothesis: We are still in the ABC Correction that has started in December at around $20k. We are in Wave C which has a 12345 Sub-Wave pattern. Sub-Wave 4 seem to have ended like I described in my last idea and Wave 5 has started. I anticipate that Wave 5 will have an ABC sub-wave pattern as Wave 5 likes to form a similar pattern then the overall correction. We are currently in Subwave A. I think we will, therefore, have good buying opportunity between 9.5-8.0k.
Commentaire:
We had good Support at 10k, I think we won't see BitCoin falling to 8k, but 8.5k instead