THIS WILL LOOK UGLY!!! - I WISH THIS IS NOT THE SCENARIO (AGAIN)
Hello Everyone!!!
The Idea of BTC to rebound from the Support Line is still there, but if the price action says otherwise, than what could we do??
Just simply react over it.
**BTC Idea**
Last time I update on this outlook, I was expecting BTC to rebound and re-test to around $44.000 from the Fibo Retracement 0,618. But, we got reject before we can reach that far. Fibo 0,5 seems to be the barrier for BTC having more gain at that time.
I'm gonna stick with this Bearish Wave Count from Elliot Wave Theory, and so far, we see a potential for BTC might be testing as low as $33.300, first because of the Support from the wick candle of 24th January. Then, if u using Fibo Extension from Sub-Wave 1 to Sub-Wave 2, then you can have potential target from Fibo Ext 1,00 and it's exactly the same level as the lowest of wick candle from 24th January.
I'm not saying it's a 100% guarantee happen, I have the alternative count and I wish I could share to you guys somehow. Perhaps YouTube channel with English Language would be a very good idea. Tell me your opinion in the comment section.
This is not a financial advice, it's just my humble opinion and I could be wrong somehow.
Good luck for you guys!!
God Bless and Cheers!!!
The Idea of BTC to rebound from the Support Line is still there, but if the price action says otherwise, than what could we do??
Just simply react over it.
**BTC Idea**
Last time I update on this outlook, I was expecting BTC to rebound and re-test to around $44.000 from the Fibo Retracement 0,618. But, we got reject before we can reach that far. Fibo 0,5 seems to be the barrier for BTC having more gain at that time.
I'm gonna stick with this Bearish Wave Count from Elliot Wave Theory, and so far, we see a potential for BTC might be testing as low as $33.300, first because of the Support from the wick candle of 24th January. Then, if u using Fibo Extension from Sub-Wave 1 to Sub-Wave 2, then you can have potential target from Fibo Ext 1,00 and it's exactly the same level as the lowest of wick candle from 24th January.
I'm not saying it's a 100% guarantee happen, I have the alternative count and I wish I could share to you guys somehow. Perhaps YouTube channel with English Language would be a very good idea. Tell me your opinion in the comment section.
This is not a financial advice, it's just my humble opinion and I could be wrong somehow.
Good luck for you guys!!
God Bless and Cheers!!!
