Here is update to my Elliott Wave count for Bitcoin price of 2020, the count can potentially predict 2021.
In past we had Panic Phase, I think from November 2019, March 2020 (COVID crisis) till late May 2020 (Halving Worries).
I think right now we going trough Media Attention phase, from many places we can see news, articles, videos about Bitcoin, Mining and Cryptocurrencies. This topics covering investing, breakeven of the mining (retail), farming, and earnings from DeFi projects, etc.
After breakout from 20k, we see a new wave of traders joined the market, as well as old ones coming back to breakeven from losses, or making good profits.
I think we might retest 20k or below as possible Demand Zone for 2021. On chart the explanation for Spot Buy.
Best regards,
Artem Shevelev
In past we had Panic Phase, I think from November 2019, March 2020 (COVID crisis) till late May 2020 (Halving Worries).
I think right now we going trough Media Attention phase, from many places we can see news, articles, videos about Bitcoin, Mining and Cryptocurrencies. This topics covering investing, breakeven of the mining (retail), farming, and earnings from DeFi projects, etc.
After breakout from 20k, we see a new wave of traders joined the market, as well as old ones coming back to breakeven from losses, or making good profits.
I think we might retest 20k or below as possible Demand Zone for 2021. On chart the explanation for Spot Buy.
Best regards,
Artem Shevelev
Comment:
🔵 🟡 𝗙𝗥𝗘𝗘 & 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: t.me/+5hlxWmhHaKplN2Rk
Enjoying the content? Here's a free way to show your support!
Sign Up and get Special Bonuses:
🔵 toobit.com/t/ArShevelev 🔵
🟡 bybit.com/b/ArShevelev 🟡
Enjoying the content? Here's a free way to show your support!
Sign Up and get Special Bonuses:
🔵 toobit.com/t/ArShevelev 🔵
🟡 bybit.com/b/ArShevelev 🟡