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vinitakai
Apr 24, 2021 6:17 PM

Elliot in action? Short

Description

In a previous analysis, I noticed a bearish pennant formation. After breaking an important bullish trend line, BTC needs to find a bottom in a strong place. This place will probably be at 42, 43k and thus closing the last wave 5, then the next waves (ABC) would return to the bullish!

See that I've been alerting this formation for a while, leave your like for more analysis :)

Comments
Darenno1
upward movement is meant to be 1-2-3-4-5 eliot wave with abc correction and that's exactly what btc did upon till this time. It won't go much lower. I am settled in in alts.
vinitakai
@Darenno1, Elliott's movement cannot be done only upwards, there is also the possibility of 1, 2, 3, 4, 5 in the fall. investagrams.com/daily/2017/11/the-elliott-wave-something-worth-adding-to-your-ta-tools/
merkassaas
When dump
vinitakai
@furkankilic_, Unfortunately I cannot say what to do with your money, I have been sold since I was 56k. See what me and other people say and try to see what would be best for you right now
merkassaas
Im short at 49k. my liq level 51
vinitakai
@furkankilic_, Only time will be able to tell us, but I will particularly only buy back in 43k, if the graph shows me that the drop is over, then I go back into the game without any problems.
merkassaas
@vinitakai hey look
merkassaas
price up?
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