Hi traders, So the last time I have analyzed Bitcoin using wave theory, the result was great!
I thought why not have a look at it using Elliott Wave again and see if there is a possibility of reversing again. Again, Bitcoin will become bullish when it only breaks $9500.
Hi Abdulla
As much as I hope the same - but BTC has to relax a little bit more. The rocket needs loads of fuel (fresh new money and a lower price) for a long journey. Otherwise, the trip will be short.
josephtse
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I beliebe btc is setting up one more ginormous pennant for the next let down. It'a setting up for another overshoot/false breakout at the trendline and heading for 300 and 500 day moving averages in a few weeks. Now it could go to 9500 by then. But it's gonna hug along that trendline, this time the uppers side of it but it still will generally head down unless it can break like 12,000 on the upside.
@qdoc, using technical analysis and a principle that is proven over time have better outcome either-way than just guessing out of your empty mind.
the probabilistic certainly reassures us by providing alternatives.
Doc-al-Citadel
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@octave7, Thanks For That Einstein, Well Like Your Troll Post: Expect Your Magic Ta And Fibs Have Made U $$$$$$$
As much as I hope the same - but BTC has to relax a little bit more. The rocket needs loads of fuel (fresh new money and a lower price) for a long journey. Otherwise, the trip will be short.