Here is a text book example of Bitcoin during the recent bull run post printing a higher low. When everyone was bearish and expecting 4k, BTC surprised us with a bull run that shows a neat Elliot-wave example.
If the wave-5 again dies prematurely like in Feb, we will see the continuation of deep corrections. However, if the wave-5 continues towards 9k, we will then see moderate corrections e.g. 50%.
Good luck!
If the wave-5 again dies prematurely like in Feb, we will see the continuation of deep corrections. However, if the wave-5 continues towards 9k, we will then see moderate corrections e.g. 50%.
Good luck!
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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.