BTC - Upcoming downtrend based on previous trends. Sub $3000!
The blue line represents the BTC-chart from end of may to june. The current trend follows the old trend very closely, so keep an eye on it!
This chart is based on an older private idea I published two weeks ago. I link it for you down below.
Picture of end may - june:
This chart is based on an older private idea I published two weeks ago. I link it for you down below.
Picture of end may - june:
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We are well on track. Next target: $4450.
We are well on track. Next target: $4450.
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Possible outcome for the next two weeks.
Possible outcome for the next two weeks.
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You can follow the chart from above in this private idea:
You can clearly see the ascending wedge which is probably going to break the upward trend. I created this picture yesterday before the first Elliot triangle wave formed. Now it is formed, we broke the ascending triangle and I drew some possible outcomes.
Orange: We break out of the ascending wedge to confirm the upward trend. From there we can either go up or as shown above the try might fail and therefore start the short term bear market.
Red: We don't break up out of the ascending and start the short term bear market to sub $3000