Last couple of years, we went through all kinds of fraud, hacks, court cases, and bankruptcies in the crypto ecosystem. Those circumstances led to The market crash happening in other markets at that time. However, the crypto market recovered very quickly and hit ATH this year. Shorts start from 73K and the market got choppy between 67-68K. ETF and Halving periods have the most impact on those price levels. Since there is less disadvantageous news to bulls in this run, possible to have a quick recovery after the %10 correction. The bad case scenario might be a %28 correction to the daily level (59k).
Is it possible to trap the shorts and open longs with a good volume? or Did the C leg of Elliot Wave do his job for now? Is it the end or just a beginning for 80k new ATH?
One more thing, April and May are the two months in the Bitcoin cycles for shorts. Ups! That's bad news!
Is it possible to trap the shorts and open longs with a good volume? or Did the C leg of Elliot Wave do his job for now? Is it the end or just a beginning for 80k new ATH?
One more thing, April and May are the two months in the Bitcoin cycles for shorts. Ups! That's bad news!
Comment:
Long open - 66600 Crucial Support Level