thegio
Short

BTC rejected 3th wave

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Dear crypto fans and friends,

I was hoping for 10.5k target with the 1-2-3-4-5 elliot but got rejected in the middle of the 3th wave -> XYZ

Therefore the scenario is bearish and probably going down below 8.8k to the next support at 7.5k.

EMA is also not looking well, volume still there for a lot of volatility .

*this is just my opinion I'm not a professional advisor! Make you choices wisely and manage your risks!

Don´t you think it could be an ABC correction from the previous drop? (I counted 5 waves in the fall)
Reply
thegio upanixades
@upanixades, no because 4 is already lower than B. is going down to 8.4k imho.
+1 Reply
@thegio, nice, thanks Man
Reply
thegio upanixades
@upanixades, but now is building an ascending triangle. we are in range mode wait for a breakout before trading.
+1 Reply
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