Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
It looks like we're neutral and people are scared to long, but from what I see, we're near the bottom. If the count is right it's only a matter of time before more people long. We already hit the .382 fib and a small possibility to go down to the .238. About 75% chance to go up and 25% to go down. Anything goes in crypto. BTC's movement is dependent on margin positions cause that's where the money is made lol. Don't forget to use a stop loss and dollar cost average down; not financial advice.
It looks like we're neutral and people are scared to long, but from what I see, we're near the bottom. If the count is right it's only a matter of time before more people long. We already hit the .382 fib and a small possibility to go down to the .238. About 75% chance to go up and 25% to go down. Anything goes in crypto. BTC's movement is dependent on margin positions cause that's where the money is made lol. Don't forget to use a stop loss and dollar cost average down; not financial advice.
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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.