This may sound absolutely crazy given what's currently happening in the market: if you look at my previous Bitcoin overall, you'd see that I is essentially predicted a move up, then I move down, but I didn't really know what scale the moves would be. It turns out, the scale of both that up move and down move were significantly larger than I was thinking, hitting my lowest buying level just now.
Similar patterns have happened in many coins. Most of them are hitting very important levels.
I believe that we will essentially resume the uptrend and make new all-time highs very shortly--this is based on my understanding of Elliot Wave theory, where we've essentially just completed Wave 2 of a five-wave move to the upside--this 5 Wave move being wave three of the last bigger wave (Wave 5) for the entire Overall cycle. So yes, we are nearing the end! However, unless 88.8k is broken to the downside, I don't believe this bull market is over.
It's going to be interesting to see if the market will prove my essentially at the time wild prediction correct... Or if I'm going to have to start selling my crypto assets 😂
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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.