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!
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