Ignored Elliott?
Updated
--It appears that BTC has ignored Elliott's leg 5 and quickly pursued the LTB of the huge wedge in the 23K region. The bulls perked up and showed their strength!
--I confess that I no longer followed crypto after my last analysis on 12/31/2022 and, neither did I take faith in the bullish pivot that was being outlined at the time on 01/01/2023. What to do! Such is life, "one day of the hunt, another day of the hunter".
--After the crypto momentum of the last few weeks, will it have enough strength to pursue higher targets, like the 25.2K region?
--After a small accumulation above the long average, the SETUP, showed this formed pivot that has strength to seek the region of 25.6K. Will the longs perk up and continue their saga even after this slingshot of over 40%?
-The most sensible thing is to follow candle by candle!
-Do your analysis and good business!
-Be Aware, If You Buy, Use Stop!
-See below for other reviews!
--I confess that I no longer followed crypto after my last analysis on 12/31/2022 and, neither did I take faith in the bullish pivot that was being outlined at the time on 01/01/2023. What to do! Such is life, "one day of the hunt, another day of the hunter".
--After the crypto momentum of the last few weeks, will it have enough strength to pursue higher targets, like the 25.2K region?
--After a small accumulation above the long average, the SETUP, showed this formed pivot that has strength to seek the region of 25.6K. Will the longs perk up and continue their saga even after this slingshot of over 40%?
-The most sensible thing is to follow candle by candle!
-Do your analysis and good business!
-Be Aware, If You Buy, Use Stop!
-See below for other reviews!
Note
See in this analysis how prices are respecting the "downtrend line"
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