BTC Downside Part 2 of 2 Waves to back up theory $52-32K
I don't trade Elliot waves but will help define where market's heading, up, down , sideways, duh-huh
Notice that on the 6hr, this chart the 50SMA crossing down again below the 200SMA, on the 5 day it's postured the other way more bullish
5 waves down, 3 corrective waves up, should be another 5 down if BTC caa'nt reclaim and hold $64.5K, top of the 3 waves, then the
Add post 1 with this post and, I found another wave set in previous run, check out my TView channel
Chefrusty
Notice that on the 6hr, this chart the 50SMA crossing down again below the 200SMA, on the 5 day it's postured the other way more bullish
5 waves down, 3 corrective waves up, should be another 5 down if BTC caa'nt reclaim and hold $64.5K, top of the 3 waves, then the
Add post 1 with this post and, I found another wave set in previous run, check out my TView channel
Chefrusty
Comment:
IT'S HAPPENING! each larger wave has 3 smaller waves, so, right now is DOWN 1, should sse a small bounce soon ... up down up, then another leg down, like the previous 2, lookback past my wave lines and see if you can plot the 5 waves up to top and the 3 wave retraace, 5 waves up, bullish, 5 waves down bearish