Bearish Scenario (Long Term)
Updated
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.
Comment
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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