There are plenty of ideas surrounding BTC and theory about expectations. My view is standard from accumulated information, chart patterns, historical corrections from more established currency historicals (Forex).
I am not attempting to cause any harm to the Bulls or anyone that may be in a Long with this view. My TA here is to point out that there is a solid expectation that Cryptocurrencies have indeed experienced a Bubble popping from an inflated ATH. This happens in many historical cases where you have had new revolutionary ideas that become inflated initially. My TA here is based on the current BTC historical patterns showing a clear WXY Double Correction. This is applied EW theory and with more than 2/3rds of this process completed, projections become standard. This is what it shows. Cheers!
I am not attempting to cause any harm to the Bulls or anyone that may be in a Long with this view. My TA here is to point out that there is a solid expectation that Cryptocurrencies have indeed experienced a Bubble popping from an inflated ATH. This happens in many historical cases where you have had new revolutionary ideas that become inflated initially. My TA here is based on the current BTC historical patterns showing a clear WXY Double Correction. This is applied EW theory and with more than 2/3rds of this process completed, projections become standard. This is what it shows. Cheers!
Trade closed manually:
major pivot ... closing short...going long
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Alternate Count: Bearish Cypher
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Updated Extension:
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Bullish Bat with Target
www.youtube.com/watch?v=u7FCh_Mk...