Bitcoin - A dump to 55K likely
My thoughts:
1) RSI trendline not yet reached. Each time the trendline was hit during this bull market, a local bottom was reached.
2) Fibonacci: 38.2 percent retracement has not been reached during this Elliot Wave 4
3) Major Trendline flip: We have not touched the trendline as support before we bottom during this wave. I am expecting a dump sometime next week (flash crash) to 55K before the crypto market bottoms.
1) RSI trendline not yet reached. Each time the trendline was hit during this bull market, a local bottom was reached.
2) Fibonacci: 38.2 percent retracement has not been reached during this Elliot Wave 4
3) Major Trendline flip: We have not touched the trendline as support before we bottom during this wave. I am expecting a dump sometime next week (flash crash) to 55K before the crypto market bottoms.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.