well the short term price action seems to be all over the place
whales pumping and dumping price at the expense of newb investors
short term count we may see a possible bearish gartley forming for the (b) wave
whereas for the grand father count there are 2 possible scenarios
either an expanded flat corrective bounce to the upside once the lows at 0.786 fib are revisited
OR a sideways choppy price action which may last for 2 weeks before visiting new lows
no one really knows !
lmfao
happy new year hodlers
whales pumping and dumping price at the expense of newb investors
short term count we may see a possible bearish gartley forming for the (b) wave
whereas for the grand father count there are 2 possible scenarios
either an expanded flat corrective bounce to the upside once the lows at 0.786 fib are revisited
OR a sideways choppy price action which may last for 2 weeks before visiting new lows
no one really knows !
lmfao
happy new year hodlers
Comment:
the bullish case for bitcoin would still be this inverted head and shoulders where we find the price rallying 5 waves up to the golden ratio before seeing a deeper correction close to the 1st wave . so it's either this or the gartley above. we'll see