We have 2 counts on the table... First we have to go to at least 72k.
Count 1: We are going to make a simple 3 Wave ABC and continue our moon mission
Count 2: We had a 5 Wave Impulse from our last All Time High at 65k and building a simple ZigZag (5-3-5) Correction that broke the high. In this case we are going to see a violent 5 Wave impulse down to araound 35k
I think that count 2 is more likely. When we look at the Bitfinex heatmap we see that there are massive walls waiting to get filled.
And we all know... Bitfinex is the market maker
Count 1: We are going to make a simple 3 Wave ABC and continue our moon mission
Count 2: We had a 5 Wave Impulse from our last All Time High at 65k and building a simple ZigZag (5-3-5) Correction that broke the high. In this case we are going to see a violent 5 Wave impulse down to araound 35k
I think that count 2 is more likely. When we look at the Bitfinex heatmap we see that there are massive walls waiting to get filled.
And we all know... Bitfinex is the market maker
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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.