We are coming down correctively and this bounce would be pretty normal compared to the drop we have just had.
I like to document my trades from now on so i dont forget about them. Entry point was 5090 and stoploss is at 5040. Im gonna short it when it reaches my target.
I think its an simple abc move down thats extended to the 2.618. Also good support at the price fibonacci giving me.
I will update this idea. This could be part of a bigger ABC correction. If this is a big ABC correction this could get very ugly.
It lines up with 0.886 and is the best elliot wave structure i can see. Dont be emotional right now. Buy btc. Hold.
Whats out for this very complex structure. A lot of people are gonna get trapped in this. 6090 Is a very important and strong support level. Dont be suprised if we get a strong bounce from that. 5524 Is the 0.618 fib lvl from 3k to 14k thats gonna be a really strong support level and i think we will end the bear market on that target.
Bitcoin is looking more bearish than ever. Target 5524.
The whole crypto community is thinking we are in a bull market right now and that itself is a bearish sign. The price is not following the indicators. Seeing a rising wedge in a bear market. Elliot wave doesn`t confirm the bottom. A lot of people lose their money if my prediction is true.
I think we are getting a impulsive correction that can get us too around 8000-9000. I will update this idea and i am short from 9908.
Im not an expert on abcde formations but i know this happens lots of times and its common for wave 4. It accumulates for a while and then it pushes for 1 more wave.
Im am personally gonna short from 9920 but first i have to check this wave out. I know that i made an chart lately that i will short from 9820 but i am not gonna take that trade anymore because of the looks of the wave.
If it breaks previous high its a confirmed bull market.
63K And 400k Are targets. Entry at 5524BTC-USD Lets get this bread.
Around 180% profit if you buy it now.