For several days the bitcoin begins its descent we can see thanks to the eliotte wave that we would be through wave 4 to initiate the final wave of wave 5 before having a rise.
(Why would we be in wave 4?: We can see that the RSI in 4H would be in oversell but if we look at daily we are not at the bottom, so wave 4 would be confirmed by a rebound)
We can also see the same for the stoch.
-A big resistance is at the level of 52.5k which would allow us a big rebound as in the past times as we can see, every time we hit this support diagonally we can see that we have a nice climb
(My positions for the future: SHORTS AT THE RESITANCE OF 61.2K UP TO 52.5 FOR FINAL and go in long position to raise it)
In the end it will be long, patience is the key to any success
(Why would we be in wave 4?: We can see that the RSI in 4H would be in oversell but if we look at daily we are not at the bottom, so wave 4 would be confirmed by a rebound)
We can also see the same for the stoch.
-A big resistance is at the level of 52.5k which would allow us a big rebound as in the past times as we can see, every time we hit this support diagonally we can see that we have a nice climb
(My positions for the future: SHORTS AT THE RESITANCE OF 61.2K UP TO 52.5 FOR FINAL and go in long position to raise it)
In the end it will be long, patience is the key to any success