Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools.
The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.
Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective ABCDE-Triangle. Wave-A is already formed and Wave-B just started.
The goal is to test the last low or create a new one.
If you like my TA, pls. hit that "like" buttom, follow me or leave your comments. Thank you.
The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.
Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective ABCDE-Triangle. Wave-A is already formed and Wave-B just started.
The goal is to test the last low or create a new one.
If you like my TA, pls. hit that "like" buttom, follow me or leave your comments. Thank you.
Comment:
The weakness of this analysis is the top line of channel due to the lack of proper touchpoints.
Comment:
The idea is valid until Bitcoin exceeds last high ($5488).
Comment:
This TA closed due to current price action. For new updates follow:
