cryptophilia

cryptophilia Updated 

BINANCE:BTCUSDT This is an outlook for the next month (up to mid July, more or less). The overall trend is bearish. We expect a completion of wave 3 (first red line), then a retracement (green) and a continuation to complete wave 5 (second red) - down to the sub-9k to mid-8k levels. Invalidation: if we reach higher highs in the coming weeks (breaching the...

cryptophilia Updated 

In my current view, the bottom is not in yet. Based on Elliott Waves theory, we're still in wave 4 which should be finalized in a significant up-move to the 6000-6200 area. I expect that to take place by March 23 (possible earlier). Following that, we should expect a swift decline to the 4K, or even sub-3K zone. Once that happens - in the last week of March, we...