Favorably in recent days the market has shown extreme euphoria where bulls have had total control. But if you have read our latest market reviews and Bitcoin technical analysis, you will understand that at this point we must be very careful.
We have seen on Telegram mainly that several market enthusiasts are sending some exaggerated theories regarding the latest high.
But if we evaluate Wyckoff's method, he will tell us that we are in the last phase of that euphoria, where we know that the most important instuctions will begin to generate liquidity within the market.
Taking Elliot as a reference, we believe that what is currently forming on the daily chart is an inpulsive B wave. After that you will know what the next wave is. It will not be a very large correction wave, but if we know that the price after reaching USD $ 10k will correct.
So, our advice is to keep calm in this time of euphoria. And you, what do you think about it?
We have seen on Telegram mainly that several market enthusiasts are sending some exaggerated theories regarding the latest high.
But if we evaluate Wyckoff's method, he will tell us that we are in the last phase of that euphoria, where we know that the most important instuctions will begin to generate liquidity within the market.
Taking Elliot as a reference, we believe that what is currently forming on the daily chart is an inpulsive B wave. After that you will know what the next wave is. It will not be a very large correction wave, but if we know that the price after reaching USD $ 10k will correct.
So, our advice is to keep calm in this time of euphoria. And you, what do you think about it?