taking a peak at the chart this evening, and it looks like we've got a few more legs to go before some kind of bottom is in.
the short term bull case has been invalidated, but the larger bull count is still in tact (for now).
i've talked about the primary wave 4 not being in for quite a long time, but i had pretty much given up on the idea until tonight.
crypto winter is a real thing, and i think that the winter is only getting started.
👇
the short term bull case has been invalidated, but the larger bull count is still in tact (for now).
i've talked about the primary wave 4 not being in for quite a long time, but i had pretty much given up on the idea until tonight.
crypto winter is a real thing, and i think that the winter is only getting started.
👇
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Comment:
happening a lot quicker than anticipated ~
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i recently talked about the posibility of this dip on november 25th in my video:
www.youtube.com/watch?v=dhLa8ysP...
via this post:
& i could make a case that the bottom is in through a double complex corrective pattern
(an expanded flat which traveled 2.618[very rare[) + an expanding ending diagonal which appears in the final fifth wave + breaks down below the wedge for the final move. Add liquidations into this picture, and we have the grand shakeout of 2021 before continuation to the upside.
Now i'm not saying that the bottom is in, nor am I saying that we're going to fall deeper as of this moment. I simply just don't know. Mostly cash for now, and I will observe the entire space very carefully over the next couple of days. If we see continuation to the downside, there's a good chance we see acceleration of liquidations to about 31~37k.
if the bottom is in, then we will be moving to around 100k from here before another one of these shakeouts.
www.youtube.com/watch?v=dhLa8ysP...
via this post:
& i could make a case that the bottom is in through a double complex corrective pattern
(an expanded flat which traveled 2.618[very rare[) + an expanding ending diagonal which appears in the final fifth wave + breaks down below the wedge for the final move. Add liquidations into this picture, and we have the grand shakeout of 2021 before continuation to the upside.
Now i'm not saying that the bottom is in, nor am I saying that we're going to fall deeper as of this moment. I simply just don't know. Mostly cash for now, and I will observe the entire space very carefully over the next couple of days. If we see continuation to the downside, there's a good chance we see acceleration of liquidations to about 31~37k.
if the bottom is in, then we will be moving to around 100k from here before another one of these shakeouts.
Comment:
btc looks pretty horrid in my honest opinion. i'll try my best to build a bull case for it going forward, but deep down i got a bad feeling about this.