Hee everyone,
Today I would like to discuss what would be the healthy situation for Bitcoin, the mother of crypto.
A correction, everyone is waiting for it and it needs to come for a healthy market. Of course there is a possibility that it won't happen but this analysis we will discuss the healthy scenario.
With the Elliott wave I tried to get a good overview what it will bring us:
Wave 1: Starting in the 5800-6100 Region to 4900-5000 Region for the first test in the downwards trend.
Wave 2: Pullback from this dump that will bring us back to the 5500 region. (Old support becomes new resistance)
Wave 3: Biggest downtrend/dump/fear for FOMO'ers on 5xxx region. This will bring us to the 4000-4300 region, for the first test.
Wave 4: Healthy pullback to the 4500 region, round number as resistance.
Wave 5: Final wave is very important, this can break the 4k region and will be dumped to 3700-3900 region. Wave 5 could also held the 4xxx region and starts a new sideways region or it breaks even lower till 3000-3500
People are calling that the accumulation zone was in the 3150 - 3900 region. This Region is already over, and it will probably never comes back. 4000-5000 is the final accumulation zone before the bull market in my opinion.
ACCEPT IT AND DON'T BE A NO-COINER WHEN THE BULL MARKET STARTS! LET YOUR MINDSET BE STRONGER!
My advice if you have for instance 5k that you buy $500 worth of Bitcoin on every 100 dollar movement in the 4000-5000 region. Example:
Buy order 1: BTC PRICE: 5000 - 500 USD
Buy order 2: BTC PRICE: 4900 - 500 USD
Buy order 3: BTC PRICE: 4800 - 500 USD
etc..
Don't wait for this 3k region if you don't have any bags of crypto, it's too risky.
Hopefully this helps out, the example above is my game plan and I would love to hear your opinion about it!
Please let me know in the comments, I would really appreciate it.
Goodluck everyone :)
- Hans / Plaxidoeda
Today I would like to discuss what would be the healthy situation for Bitcoin, the mother of crypto.
A correction, everyone is waiting for it and it needs to come for a healthy market. Of course there is a possibility that it won't happen but this analysis we will discuss the healthy scenario.
With the Elliott wave I tried to get a good overview what it will bring us:
Wave 1: Starting in the 5800-6100 Region to 4900-5000 Region for the first test in the downwards trend.
Wave 2: Pullback from this dump that will bring us back to the 5500 region. (Old support becomes new resistance)
Wave 3: Biggest downtrend/dump/fear for FOMO'ers on 5xxx region. This will bring us to the 4000-4300 region, for the first test.
Wave 4: Healthy pullback to the 4500 region, round number as resistance.
Wave 5: Final wave is very important, this can break the 4k region and will be dumped to 3700-3900 region. Wave 5 could also held the 4xxx region and starts a new sideways region or it breaks even lower till 3000-3500
People are calling that the accumulation zone was in the 3150 - 3900 region. This Region is already over, and it will probably never comes back. 4000-5000 is the final accumulation zone before the bull market in my opinion.
ACCEPT IT AND DON'T BE A NO-COINER WHEN THE BULL MARKET STARTS! LET YOUR MINDSET BE STRONGER!
My advice if you have for instance 5k that you buy $500 worth of Bitcoin on every 100 dollar movement in the 4000-5000 region. Example:
Buy order 1: BTC PRICE: 5000 - 500 USD
Buy order 2: BTC PRICE: 4900 - 500 USD
Buy order 3: BTC PRICE: 4800 - 500 USD
etc..
Don't wait for this 3k region if you don't have any bags of crypto, it's too risky.
Hopefully this helps out, the example above is my game plan and I would love to hear your opinion about it!
Please let me know in the comments, I would really appreciate it.
Goodluck everyone :)
- Hans / Plaxidoeda