All of us have seen this insane bearish impulse📉
The rest of the market is still recovering and is waiting a signal from bitcoin to understand where should they go.
However the price of Bitcoin is in a bad mood❌
If we base on Elliott Wave theory, previous historical high and its bullish movement was Wave 5.
It means that Corrective Waves begins. Wave A was that huge bearish impulse which liquidated traders' lots of positions.
Then the price was in Wave B. Means that the price is in correction before next impulse.
So now the price is on a strong and important zone.
After breaking this zone price may fall till our price target.
So follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
The rest of the market is still recovering and is waiting a signal from bitcoin to understand where should they go.
However the price of Bitcoin is in a bad mood❌
If we base on Elliott Wave theory, previous historical high and its bullish movement was Wave 5.
It means that Corrective Waves begins. Wave A was that huge bearish impulse which liquidated traders' lots of positions.
Then the price was in Wave B. Means that the price is in correction before next impulse.
So now the price is on a strong and important zone.
After breaking this zone price may fall till our price target.
So follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
Comment:
sorry for missclick, price target not bullish, it is bearish
