3 impulses every cycle ending up with a breakdown. Clearly upward momentum has been slowing down recently. Are we waiting to gather momentum for wave C?
We have never cut through the bottom of the previous bullmarket accumulation trends. If history repeats, this would be the most likely outcome imo.
We have never cut through the bottom of the previous bullmarket accumulation trends. If history repeats, this would be the most likely outcome imo.
Note
Of course, "sideways" is always an option. But sideways is rarely literal in bitcoinland.Note
Time perspective is probably way too compressed.
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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.