Bitcoin - The bears will crash BTC again! (Great opportunity)
- From November 21 to November 24, we had a pretty nice uptrend. It lasted only 3 days, and the structure of the uptrend is bearish.
- As per my Elliott Wave analysis, it was an ABC correction because I can see only 7 waves, which is a typical correction with an extended wave A.
- Bitcoin is the most bearish asset, and it's absolutely a pleasure to short Bitcoin or Ethereum!
- A new week started, and Bitcoin broke out of the symmetrical triangle pretty hard.
- October and November are extremely bullish months for Bitcoin, but this time we dumped, and Bitcoin continues in free fall.
- The right question is now: When will we reach 10,000? not if we reach 10,000. After we reach 10K, I think we will have a massive bounce back to 15K or so. Make sure to follow me so you do not miss important information on this expected bounce!
- If you want to trade bitcoin, the best strategy is "short only." So wait for pullbacks and shorts.
- I expect the ultimate bottom for Bitcoin to be between 6500 and 10300 USD.
- I am very happy to provide you with these analyses; stay strong!
Comment:
The triangle has been retested, which was a great opportunity to open a short position! Now we can go down.
Comment:
Bitcoin is very bearish, we retested the triangle from the APEX point (middle), which is a classic move. I expect a dump very soon.
