Bearish Bitcoin wave count post-Aug 1st
Güncellendi
A bearish wave count recorded here - merely "for the record" - based on the textbook 5-wave impulse that declined from near the all-time high.
Taking the initial wave as a fractal for what is to follow, then $2000 is a target.
If this bearish wave count is incorrect and advance unfolds then another chart will be published. However, the failure by the market to push to a new all-time high on the determined buying into Aug 1 probably shows that everyone who was going to buy had bought and that some profit-taking or allocation re-balancing is due.
Taking the initial wave as a fractal for what is to follow, then $2000 is a target.
If this bearish wave count is incorrect and advance unfolds then another chart will be published. However, the failure by the market to push to a new all-time high on the determined buying into Aug 1 probably shows that everyone who was going to buy had bought and that some profit-taking or allocation re-balancing is due.
Yorum
Hit "Resize" (lower center of chart) to see the wave count from the Aug 1st top
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.