An alternative scenario : Basic EW bullish count !
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.
Comentário:
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.
