Eloquent

bitcorn is close to a bottom ~

Eloquent Updated   
PHEMEX:BTCUSDT   BTC / USDT Spot Trading Pair
good evening peoples -

thought i'd share my primary micro-wave count tonight.

i do think we are nearing a local bottom (closer to the 17~18th of january)

what happens from there is absolutely up for debate, but i do think we'll see a larger bounce once 37k algo target is met.

most likely it'll be a move up to 48~50k before further capitulation to the downside, but anything is possible.

there's a lot of very nice scenarios that exist out there, both bearish and bullish - and nobody knows which is "the one".

i'll be taking a full sized long closer to the night of the full moon, and i'll ride it up until bitcorn decides to break.

Comment:
Comment:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.