As we can see in the chart above,
There is an indication of an Expanded Flat on Bitcoin, as long as Wave C or 5 does not break the overall pattern, it is very likely that this Expanded Flat will occur.
And also on the Relative Strength Index indicator, every time it hits 33ish on the Relative Strength Index, it can be a strong signal that the bottom is around there, this has been proven from the 2018 Bear Market and also the Covid-19 Black Swan event.
As Glennon Doyle Melton said,
"IF YOU CANT BEAT FEAR, JUST DO IT SCARED."
There is an indication of an Expanded Flat on Bitcoin, as long as Wave C or 5 does not break the overall pattern, it is very likely that this Expanded Flat will occur.
And also on the Relative Strength Index indicator, every time it hits 33ish on the Relative Strength Index, it can be a strong signal that the bottom is around there, this has been proven from the 2018 Bear Market and also the Covid-19 Black Swan event.
As Glennon Doyle Melton said,
"IF YOU CANT BEAT FEAR, JUST DO IT SCARED."
Comentário:
The expanded Flat scenario is still in play.