Here is update to my Elliott Wave count for Bitcoin price of 2020, the count can potentially predict 2021.
In past we had Panic Phase, I think from November 2019, March 2020 (COVID crisis) till late May 2020 (Halving Worries).
I think right now we going trough Media Attention phase, from many places we can see news, articles, videos about Bitcoin, Mining and Cryptocurrencies. This topics covering investing, breakeven of the mining (retail), farming, and earnings from DeFi projects, etc.
After breakout from 20k, we see a new wave of traders joined the market, as well as old ones coming back to breakeven from losses, or making good profits.
I think we might retest 20k or below as possible Demand Zone for 2021. On chart the explanation for Spot Buy.
Best regards,
Artem Shevelev
In past we had Panic Phase, I think from November 2019, March 2020 (COVID crisis) till late May 2020 (Halving Worries).
I think right now we going trough Media Attention phase, from many places we can see news, articles, videos about Bitcoin, Mining and Cryptocurrencies. This topics covering investing, breakeven of the mining (retail), farming, and earnings from DeFi projects, etc.
After breakout from 20k, we see a new wave of traders joined the market, as well as old ones coming back to breakeven from losses, or making good profits.
I think we might retest 20k or below as possible Demand Zone for 2021. On chart the explanation for Spot Buy.
Best regards,
Artem Shevelev
Note
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𝗔𝗥𝗧𝗘𝗠 𝗖𝗥𝗬𝗣𝗧𝗢 | 𝗦𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟴
📲 Join Our Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 Explore More Resources: linktr.ee/artemcrypto ✅
📲 Join Our Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 Explore More Resources: linktr.ee/artemcrypto ✅
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.