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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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.