ABCDE ELLIOT WAVES CONFIRM INSIDE SYMMETRIC TRIANGLE WITH SUPPORT AT 9244 - 9300 WHICH IS SUPPORT AREA OF THE LAST TWO WEEKS. FROM 28TH OF MAY TILL AND TODAY 12TH JUNE
AT THE MOMENT BTC KEEP THE BULLISH SCENARIO
I WILL BE A BIT CAREFUL UNTIL TO CONFIRM SUPPORT ABOVE 9600 THEN I WILL BE EXTRA BULLISH WITH TARGET 11683 ABOVE 9600 IT CONFIRM AND SUPPORT FROM EMA RIBBON TOO.
BEARISH SCENARIO IS TO BREAK THE TRIANGLE DOWNSIDE. THEN WE NEED TO EXPECT TARGET AT 7200.
IMPORTANT POINTS: ABOVE 9600 ABOVE EMA RIBBON KEEPING THE SUPPORT AREA BETWEEN 9244 -9300
Great with strong fundamentals this can be true) do you expect after potential ~11-12k$ hard pullback? because what goes up must go down :D
UnknownUnicorn6361929
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@Cryptalion, above 11600 and holding support of 10500 i see 14k . If we hold the support of 10500.
raphaelgodoitrader
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following s&p today
UnknownUnicorn6361929
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@raphaelgodoitrader, macroeconomics does not support comparison between cryptos and traditional stocks and markets.
Im from those i do not even watch what traditional stocks/ markets doing.
Each stock has a financial status. To follow the same direction with any crypto needed this stock to have the
same financial status with the crypto, for example silver to have the same financial status with btc. They have?
Of course not. Then why i need to compare s&p with Bitcoin? Because many others they do it?
I'm against this theory.