Hello everyone
I know if I show you this time frame it might be possible that some of you criticize me but it is my wavy and I always get good views for my next months.
One important thing is that all technical and elliott rulse are becomes more reliable as long as you go to higher timeframes.
In this chart, we are in a break out candle (I named it) that will remain for 2 month and it has just 2 choice.
1: goes up and confirms our break out and rally
2: goes down and make a bearish pin bar
According to Elliott principle, we know that after a correction we should have another trend (Rally for up trends) and then repeat it again because unlike Forex market that is most of Corrective patterns, in the stock, securities, and so on we just ave up trends (In large timeframes).
If you consider this huge bearish candle that started at 4820.40 USD, as a correction (Probably Wave 2 Grand Cycle) then it is rare that this correction in where we are can make another bearish RED candle in this chart.
To be clear, I think we will pass a shallow correction and continue to the rally (With Crypto Market).
Maybe I right Maybe not
Just time can reveal that.
Thanks
I know if I show you this time frame it might be possible that some of you criticize me but it is my wavy and I always get good views for my next months.
One important thing is that all technical and elliott rulse are becomes more reliable as long as you go to higher timeframes.
In this chart, we are in a break out candle (I named it) that will remain for 2 month and it has just 2 choice.
1: goes up and confirms our break out and rally
2: goes down and make a bearish pin bar
According to Elliott principle, we know that after a correction we should have another trend (Rally for up trends) and then repeat it again because unlike Forex market that is most of Corrective patterns, in the stock, securities, and so on we just ave up trends (In large timeframes).
If you consider this huge bearish candle that started at 4820.40 USD, as a correction (Probably Wave 2 Grand Cycle) then it is rare that this correction in where we are can make another bearish RED candle in this chart.
To be clear, I think we will pass a shallow correction and continue to the rally (With Crypto Market).
Maybe I right Maybe not
Just time can reveal that.
Thanks
AMA