BITCOIN UPDATE (NEW ATH)
Hello Guys,
as promised im going to give you an update about bitcoin because it broke its ATH.
Currently im not 100% sure what bitcoin will do in the short term. There are several possibilities but ill show you the one im most confident with.
As you can see from my chart, im expecting a big sell of in the near future, thats because of my elliott wave theory analysis. Therefore is bitcoin still in a corrective wave and the last wave (c - wave) has not begun yet. I expect that a selloff will be very soon and this may be very fast as well.
Once the sell of is over there is a high probabilty for a bottom between 29000 and 35000. This is the best buy area for institutions and investors.
This analysis is just my opinion and no investment advice.
stibo 🥦
as promised im going to give you an update about bitcoin because it broke its ATH.
Currently im not 100% sure what bitcoin will do in the short term. There are several possibilities but ill show you the one im most confident with.
As you can see from my chart, im expecting a big sell of in the near future, thats because of my elliott wave theory analysis. Therefore is bitcoin still in a corrective wave and the last wave (c - wave) has not begun yet. I expect that a selloff will be very soon and this may be very fast as well.
Once the sell of is over there is a high probabilty for a bottom between 29000 and 35000. This is the best buy area for institutions and investors.
This analysis is just my opinion and no investment advice.
stibo 🥦
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.