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creedyincredible
Dec 16, 2018 6:31 PM

Last leg down Long

Bitcoin / DollarBitfinex

Description

Bears are losing steams
After all the sadness, despair, fud, capitulation whatever you want to call it. We essentially dropped more than 50% in the market-cap over the last month.
In spite of we hit new all time low a few days ago, but it is obvious that bears are losing their willingness and strength.
Alongside with Elliot wave count and the lower bound of falling wedge as a support, it is most likely we will see one last leg down towards low 3000s or a wick below 3000.
It can be one of the best time to buy by the time as I see little resistance to hinder btc to bounce towards 3800+ once bulls find their setup and fully prepared, while the signals is getting clear, bears will liquidate their position and ready to join bulls.
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