Last week's low generated a lower low so now we can apply some technical analysis to pick up some clues. It appears the bounce beginning Dec 22 is in zigzag form. Most Elliott Wave zigag patterns at this point are considered corrective and hints at a 11,500 or possibly 10,000 retest. There is a small chance this is the beginning of a diagonal which is short term bullish...it is too early to make that call. As a result, the higher probability move is deeper correction into the New Year.
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Good luck Crypto traders!
For those exploring Crytpo trading - here is a Bitcoin Intro guide.
For those interested in Elliott Wave theory, grab these beginner and advanced EW guides.
Good luck Crypto traders!
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
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.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
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.