BTC/USD bearish movement ends SOON! New Uptrend will come SOON!
BTC/USD bearish movement will end soon. We are not at the dip, yet. But we did overcome the worst already. Changing Alts now might be a bad idea, since you might lose the up-train if you aren't careful. The Alts mostly also seem to be in upward correction. So hold, if you are in them.
In the chart, I included 5-3 Elliot-Wave. You can see that we are close to C - which means that there will be uptrend afterwards. Furthermore, you can see that the end of Elliot-Wave will fit to the trend line from 2 and 4 from the Elliot-Wave. This means that the dip is when the trend line is hit -> Somewhere between 8501 - 9001.
Something I didn't included is a projection from 5->A and B->C.
MACD and RSI also show the same pattern, as they still aren't at the dip - but will be in very short time.
I hope we will see nice profits coming after few days. Just be patient and good luck.
In the chart, I included 5-3 Elliot-Wave. You can see that we are close to C - which means that there will be uptrend afterwards. Furthermore, you can see that the end of Elliot-Wave will fit to the trend line from 2 and 4 from the Elliot-Wave. This means that the dip is when the trend line is hit -> Somewhere between 8501 - 9001.
Something I didn't included is a projection from 5->A and B->C.
MACD and RSI also show the same pattern, as they still aren't at the dip - but will be in very short time.
I hope we will see nice profits coming after few days. Just be patient and good luck.
Note
5 and B of Elliot Waves are building a resistance line while the support line seems to be strong (hopefully also tommorrow). My suggestion is that we'll hit resistance at around 14k USD +/- 1k USD. That would be good time to sell to buy at a lower price. But we are talking about a few days here. 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.