Bitcoins Last Hope, An Elliot Wave Analysis
Hi Guy's
Im neutral at the moment, Updating from my last chart where i mentioned wave 3 could begein at 8300 and we broke that zone and i said if we break that we are turning bearish.
This is the current final hope for BTC, could be the golden buy opportunity.
Btc could have just finished its wave 2 down and is preparing to start its wave 3 to 14000 to 16000.
This is based on us holding the original bullish trend line we formed on our ride to 14k.
This is the deciding point.
Under 6500 to 6700 is our last hope, if this breaks then bear market 2.0 with intermediate upwards bursts followed by prolonged selloffs.
This could be a golden long with a decent stop, i will be longing 6500 to 6800 laddering buys with a stop at 6450.
If we break this then for the next year I will only be taking shorts.
Happy trading
Im neutral at the moment, Updating from my last chart where i mentioned wave 3 could begein at 8300 and we broke that zone and i said if we break that we are turning bearish.
This is the current final hope for BTC, could be the golden buy opportunity.
Btc could have just finished its wave 2 down and is preparing to start its wave 3 to 14000 to 16000.
This is based on us holding the original bullish trend line we formed on our ride to 14k.
This is the deciding point.
Under 6500 to 6700 is our last hope, if this breaks then bear market 2.0 with intermediate upwards bursts followed by prolonged selloffs.
This could be a golden long with a decent stop, i will be longing 6500 to 6800 laddering buys with a stop at 6450.
If we break this then for the next year I will only be taking shorts.
Happy trading