BTC. The bears still have control.... going to 7300 and belo.
Many analysts have the wave up from the 7300 bottom as a 1-5 impulse wave.
I do not see it as a 1-5 impulse, but rather an ABC correction.... meaning we have not reached the bottom and the bear market continues.
One reason for my view is that I CANNOT come up with a decent 1-5 wave count from 7300 to 9200.
Continuing with my count, we are now in a large impulse wave down. My times are PST:
I want to see the bull return, but unfortuneatly, we may need to bottom first. This drop will lead to the daily 50/200 death cross and a new low for bitcoin.
LLCoolRS
I do not see it as a 1-5 impulse, but rather an ABC correction.... meaning we have not reached the bottom and the bear market continues.
One reason for my view is that I CANNOT come up with a decent 1-5 wave count from 7300 to 9200.
Continuing with my count, we are now in a large impulse wave down. My times are PST:
- Wave 1: 9218 (Mar21 07:00) -> 8265 (Mar23 05:00)
- Wave 2: 8265 (Mar23 05:00) -> 9030 (Mar 24 07:00)
- Wave 3:
- SubWave1: 9030 (Mar 24 07:00) -> 8390 (Mar 24 23:00)
- SubWave2: 8390 (Mar 24 23:00) -> 8634 or 8709 or 8785. See Fib retracement char.
- SubWave1: 9030 (Mar 24 07:00) -> 8390 (Mar 24 23:00)
I want to see the bull return, but unfortuneatly, we may need to bottom first. This drop will lead to the daily 50/200 death cross and a new low for bitcoin.
LLCoolRS
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.