Bearish short-term scenario doing great so far!

4 Mar 2021

This correction wave has worked out perfectly so far. Fibonacci levels are on point and all sub-waves are found on the chart.

As long as Bitcoin does not break above 51,700, this scenario could lead us to the EMA 21 on the weekly chart; this is something Bitcoin has previously done, so I believe there's actually a high chance for that to happen.


Then I must say: if this keeps going well, grab your popcorn and get ready for the show, because a MASSIVE breakout is likely after that!

4 Mar 2021

Not

A breakout below 48k could confirm this pattern once more, as the chance for another impulsive Elliot wave would have been taken out of the game.

5 Mar 2021

Not

Still following my bearish Elliott, waves 1 and 2 are completed!

However, this level is critical. We need to start going down soon, otherwise this analysis gets weaker.

If we go up above 50,7k, this ideia is gone and we should turn bullish again.

5 Mar 2021

Not

Also, we're having massive whale inflows into exchanges... Radical moves imminent!

9 Mar 2021

Not

Not working as expected anymore.

I'll soon publish a new version of this bearish scenario. It's not over yet.

10 Mar 2021

İşlem elle kapatılmış

New idea shows the last bearish scenario. If that also fails, I'm turning bullish again.