Bitcoin Liquid IndexShort
Why Bitcoin Could Retrace More Than Most Expect
This would be only a 78% retrace which is short of the typical 80+% bear market retraces. Bitcoin would retrace back to the yearly close that caused the bear market before the bull market was confirmed. 
14K would be closer to the bottom. It also would keep the idea of a wave four ending into a wave five final impulse alive, much like 2013 – which was a similar retrace.
14K would be closer to the bottom. It also would keep the idea of a wave four ending into a wave five final impulse alive, much like 2013 – which was a similar retrace.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
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.