As I did mention in the last idea about the difference of this dip, the price can bounce again but I can not trust the accumulation completed.
It will be not easy for BTC to get a new peak. The general market including cryptocurrency will be affected again when FED comes to announce any new moves in March or later.
Therefore, I am imagining re-distribution and also re-accumulation phases in a whole year. This idea is quite common, particularly in contracting triangles, for wave B to exceed the start of wave A in what may be termed a running triangle in Elliott Wave theory.
Let's see what happens in the next moves.
NFA
It will be not easy for BTC to get a new peak. The general market including cryptocurrency will be affected again when FED comes to announce any new moves in March or later.
Therefore, I am imagining re-distribution and also re-accumulation phases in a whole year. This idea is quite common, particularly in contracting triangles, for wave B to exceed the start of wave A in what may be termed a running triangle in Elliott Wave theory.
Let's see what happens in the next moves.
NFA
Not
Feragatname
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.
Feragatname
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.