Full short elliot waves setup headed to 44000 to 48000 USD is finally here!. Some many bullish comments you heard: "november 80k"...."December 120k target cause stock to flow model"... too much FOMO I presume. We strongly believe on an end cycle have been reached this time and Bitcoin needs to correct 20% - 35% at least to keep an ascendend steps like it was in the past. Some few reasons to considery it:
1- FED Tappering it's here.
2- Inflation rate on historical highs.
3- Evergrande default and some few chinese institutions with high loans and no liquidity.
4- Bitcoin market makers are watching peoples FOMO.
5- Bitcoin Bearish Rising wedge
Elliot waves and chart features:
1- Logarithm chart
2- Wave A: 55500 - 58000
Wave B: 60000 - 63000
Wave C: 44000 - 48000
1- FED Tappering it's here.
2- Inflation rate on historical highs.
3- Evergrande default and some few chinese institutions with high loans and no liquidity.
4- Bitcoin market makers are watching peoples FOMO.
5- Bitcoin Bearish Rising wedge
Elliot waves and chart features:
1- Logarithm chart
2- Wave A: 55500 - 58000
Wave B: 60000 - 63000
Wave C: 44000 - 48000
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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.