Don't be one of the many "boys who cried bear" when your shorts get squeezed and everyone else who isn't posting wild stuff is going with the trend/market phase. We are only in the very first correction at the very beginning of the bull market, and even if we get a bearish scenario where the bull market fails, it would most likely come by not taking out previous ATH's (which we haven't even attempted yet). This would mean a Macro 3-Wave Correction up to double top, which is the REAL confirmation that would give bears confident to drop Bitcoin back into the Markdown Phase.
Btw considering the fundamentals & future of the tech, even this scenario is rather bearish. Whoever is proclaiming we're back to the bear RIGHT NOW, all I'll say is you really love being a bear. I'm good being whichever one matches the trend and not the crowd, because the crowd almost always catches on late toward the end of every trend change, and doesn't spot the sweet spot confirmation for entry in either direction, bear or bull.
hi
one question
as far as I know wave C cannot be a 3 wave structure.. that means that we have another leg down and wave C is not finishing where indicated or?
Thank you in advance for your kind reply
serekamina
⋅
@OmarPiane, Hi, I'm not sure which C and 3 wave structure you're referring to, can you specify? If you mean the current correction we're in (yellow wave on the chart), some EW folks might even count it an elongated E-wave on the more specific micro count actually tracing the literal wave counting each lower low and micro pivot. Since this is a macro chart I'm just using ABC. This C wave doesn't necessarily have to be over, but we are currently resting on the 200D MA (Also 100W MA) which is traditionally very strong after shooting high above it during the disbelief rally, along with already retracing 50% (most common retracement in BTC history during bull markets) and resting on prior price structure. Also this correction was ebbed into and not dropped with fear from bulls or confidence from bears. Don't mean to talk your ears off btw, just giving you details on why many indicators are now weighing in high probability of a pump soon. Just my opinion of course and no one is right all the time. Thanks for the comment hope I answered your question.
OmarPiane
⋅
@serekamina, Hi ,
yes> I mean the one we are in now, from B to C yellow line. Thank you very much fro your reply.
Happy trading
one question
as far as I know wave C cannot be a 3 wave structure.. that means that we have another leg down and wave C is not finishing where indicated or?
Thank you in advance for your kind reply