In our last post we talked about the Elliot waves behind Bitcoins price action.
We were expecting a rejection off one of the fib levels to complete the second ABC move before we start the C wave, which will likely take us back down to around the mid 50k levels where we will be looking for the big buy that we've all been anticipating!
Watch for bear flags to take Bitcoin down. The Elliot wave theory suggests there will be a 5 wave pattern down. So watch for a bear flag and try and count the waves down!
See linked chart for our previous Bitcoin analysis.
We were expecting a rejection off one of the fib levels to complete the second ABC move before we start the C wave, which will likely take us back down to around the mid 50k levels where we will be looking for the big buy that we've all been anticipating!
Watch for bear flags to take Bitcoin down. The Elliot wave theory suggests there will be a 5 wave pattern down. So watch for a bear flag and try and count the waves down!
See linked chart for our previous Bitcoin analysis.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Related publications
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.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Related publications
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.