Disclaimer: do not take this as financial advice, i'am just learning :)
1- i see that we are starting to form the last part of the correction cycle
2- in green we are forming the wave number 1 of the long term Elliot wave
3- we could see 14000$ anytime soon before visiting 10000$ level (or we could break through and reverse)
1- i see that we are starting to form the last part of the correction cycle
2- in green we are forming the wave number 1 of the long term Elliot wave
3- we could see 14000$ anytime soon before visiting 10000$ level (or we could break through and reverse)
Comment:
there is no sellers, we are consolidating before a jump to the 14000$
Comment:
a bull trap to the 14000$ is kinda confirmed, the market is indecisive, there no sellers left so we will see the 14000$ and then possible huge sell off to the 8000-9000$ mark
Comment:
resistance at 50 d MA (11700) but regardless i think we will continue moving up, but we will retrace to 11000$ before that
Comment:
yeah we could see a bearish movement to 9000$ but what if we already hit the low ?!
notice the ABC correction waves (blue arrows)
everything will be clear in the next 24-36 houres
notice the ABC correction waves (blue arrows)
everything will be clear in the next 24-36 houres