Hi,
For some obvious reasons, I continue to think we are in a krach, BUT market is always right so here is my alternative scenario considering the breakout of the downtrend line is not a bulltrap. This is a basic Elliot wave counts doing in the rules (waves rules, and fibonacci's retracements), DON'T take care of the timeframe.
In this case 7500/7600$ area could be a strong entry point for long term positions on BTC.
Cheers.
You can see my primary count in the link.
For some obvious reasons, I continue to think we are in a krach, BUT market is always right so here is my alternative scenario considering the breakout of the downtrend line is not a bulltrap. This is a basic Elliot wave counts doing in the rules (waves rules, and fibonacci's retracements), DON'T take care of the timeframe.
In this case 7500/7600$ area could be a strong entry point for long term positions on BTC.
Cheers.
You can see my primary count in the link.
Nota
THIS IS NOT MY primary count but the target is really accurate too. If bulls can show me massive buying volume in the coming 24h, then they might have a chance. But take in not the Wyckoff is my first count. I made this one because i was bored of people calling me "permanent-bear" haha, but market is always right so let see what will happen.Trade fechado: stop atingido
As i expected this count is invalidated.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.