BTC analysis, follow up from my previous posts about BTC (check links below).
I'm expecting a bounce near the 34k level where this corrective ABC started before going down for wave 5. However a news driven event can rapidly accelerate this.
Bears in full control, 22k is the EW target for wave 5.
I'm expecting a bounce near the 34k level where this corrective ABC started before going down for wave 5. However a news driven event can rapidly accelerate this.
Bears in full control, 22k is the EW target for wave 5.
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Prepare ourselves for impact
トレード終了: 利益確定目標に到達:
Target HIT, THE FIRST TRUE potential wave 5 bottom is in
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We can go far further, but this was on elliot count the first potential 5 down structure. A breakdown further should be milder on short term or we can have a bounce with a very sharp move to lower lows for final capitulation. Don't feel left out if we have a strong bounce. We will visit lows again for sure.
The smaller timeframe wave 3 was actually a wave 5.