Assuming we do reverse here at the 61.8% retracement of the drop from $20k, I believe we can go lower than $3.2k. This current trend is not acting like a typical bull market at all, for this reason I believe we are in a B Wave bear market rally that can actually go to $20k assuming the price continues to go higher. I will be following this idea and updating when we hit either $20k or go below $3.2k.
Note
elliottwavenuggets.com/wp-content/uploads/Elliott-8-wave-pattern.pngLooks like we could finally start to go down. This image is a perfect representation of the pattern predicted.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.