BTC Elliott wave counting N2
GM Everyone,
I shared before my favourite count. However, this is also a valid EW count at the moment, which I keep as an alternative.
The current correction has strong bearish momentum. Hence there is a chance we revisit the 24k.
I had this count for a while. However, I was resistant to share it because of internal bias. Nevertheless, we know that bias is not very good in trading. Hence this is a possibility.
In Elliott Wave, you always have your preferred counting and then two alternative counts, which are constantly updated as the price unfold itself. 24k is a concrete possibility. My suggestion right now is to play either level by level or stay completely on the sideline and wait for the trend to reverse clearly, or my preferred option is to STAY IN STABLECOINS AND EARN INTEREST ON IT IN DIFFERENT PLATFORMS (anchor, Nexo, kucoin etc.) up to 14% per year. This option will earn you money while doing nothing and counteracting the capital erosion due to inflation.
The counting above is getting more and more my preferred one as a drop to 24k would mean a perfect touch of the 200MA (happened in the covid crush). It is also where the long term VWAP since March 2020 is resting, and also it's the 130% of the projection of wave A which is the usual target for wave C of a regular Flat correction. However, I will look into entering at 30 k with tight stop loss, and if I am stopped out because the 29 k level is violated, I will re-accumulate at 24k. This is once in a lifetime opportunity that I won't miss. The last time this happened, Bitcoin increased by 1500% in the year after, and some altcoins, as you know, have increased 100x (ADA 18211%, SOL 136391 + %, ETH 5558%, Doge 68000%). If I were you, I would be dancing right now at the idea of this opportunity.
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I shared before my favourite count. However, this is also a valid EW count at the moment, which I keep as an alternative.
The current correction has strong bearish momentum. Hence there is a chance we revisit the 24k.
I had this count for a while. However, I was resistant to share it because of internal bias. Nevertheless, we know that bias is not very good in trading. Hence this is a possibility.
In Elliott Wave, you always have your preferred counting and then two alternative counts, which are constantly updated as the price unfold itself. 24k is a concrete possibility. My suggestion right now is to play either level by level or stay completely on the sideline and wait for the trend to reverse clearly, or my preferred option is to STAY IN STABLECOINS AND EARN INTEREST ON IT IN DIFFERENT PLATFORMS (anchor, Nexo, kucoin etc.) up to 14% per year. This option will earn you money while doing nothing and counteracting the capital erosion due to inflation.
The counting above is getting more and more my preferred one as a drop to 24k would mean a perfect touch of the 200MA (happened in the covid crush). It is also where the long term VWAP since March 2020 is resting, and also it's the 130% of the projection of wave A which is the usual target for wave C of a regular Flat correction. However, I will look into entering at 30 k with tight stop loss, and if I am stopped out because the 29 k level is violated, I will re-accumulate at 24k. This is once in a lifetime opportunity that I won't miss. The last time this happened, Bitcoin increased by 1500% in the year after, and some altcoins, as you know, have increased 100x (ADA 18211%, SOL 136391 + %, ETH 5558%, Doge 68000%). If I were you, I would be dancing right now at the idea of this opportunity.
FOLLOW ME, SHARE, LIKE AND COMMENT
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