Similar to the Dec-Jan consolidation and eventual recovery, we may be seeing the same consolidation pattern (1-2 Elliot wave) forming. This should take another 45 days to complete before arriving at the .236 (4800-5000). Coincidentally, my target is also 10 days away from the halving which should induce the subsequent 3 wave and reversal of the bearish trend. Keep in mind technicals can be skewed by general panic, but now that the coronavirus has settled in as a reality we shouldn't see the same levels of panic we saw around March 12th. Hit the like button if you agree and let me know what you think!
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.