My Weekly time frame view on Bitcoin. In near future we may see Bitcoin to 90 k level after it finished the consolidation phrase ABCDE. Strong support zone Starts from 28600$ to 33029$ in other way strong resistance zone starts from 68771$ to 65078$. so while the market consolidates we can buy and sell bitcoin on those areas with proper risk management. Thank you and trade safe.
what do you think about the market if world war 3 begin
Priceaction776
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@naninasro1, Tension rising market will get volatile
nagihatoum
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that's a triple drive and is bearish.
Priceaction776
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@nagihatoum, Yeah it might be but let's wait for the break out down side unless D is coming
nagihatoum
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@Priceaction776, No offense man, but elliot wave is total waste of time. Think about all the AI bots who would be trained to trade it or counter trade it. i mean do you really think there is a linear system with set of rules that the market moves with?
Priceaction776
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@nagihatoum, Whole system of Elliot wave its really a waste of time but the basic ABC, 12345, and the ABCDE, i just use to count it. All my entries and exits based on Price Action.
nagihatoum
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@Priceaction776, my back testing showed only the abc pattern is dependable.
Priceaction776
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@nagihatoum, because left side we can see huge bullish momentum