Get started
Cryptplosive

BTC 32k - Wickoff Events and Elliott Waves

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Cryptplosive  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Chart Patterns Wave Analysis Trend Analysis
2
0
chartpattern waveanalysis trendanalysis

BTC is in SOS according with Wickoff theory.
We could have a fake breakout and be able to buy lower around the 26k or 23k area. That would be great to buy and hold.
Elliott waves are also suggesting an ABC, so if we are lucky we will be able to accumulate before we enter in Phase E. As we can see in the chart we are very close to rocket, and end this accumulation before we start a new one.
I seems like the deflationary system is working in the current banking climate.

We were most of us waiting for an spring, but this is not required in Wickoff theory, and it did not happened this time.
I hope you enjoy my analisys and I wish you a happy trading,

Raf
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.