Is the correction finished?
I think we are still in the possibility that this is all a triple correction and there is still a final drop according to Elliott.
And by psychological analysis, after the waves of large liquefaction, it is necessary to give an answer to the market to suspend the small fish. It is illogical for the price to flow with that nonsense to rise directly without noticing large volumes.
I have 3 possibilities to think of:
1- We will visit 18 thousand and we will go up because everyone will think that we are going down to 12 thousand, especially after the answer that the market has gained.
2- Not to stop within 18 thousand and penetrate it directly, I think because the price will not go down under 14 thousand, but the bottom cannot be expected before you saw the drop and its shape, so it remains talk.
3- This is a real bullishness and we missed the bottom. We are waiting for the end of wave 1 of the impulsive wave (I have not been able to draw any impulsive wave that supports this analysis).
Please let us know what you think and what you think
And by psychological analysis, after the waves of large liquefaction, it is necessary to give an answer to the market to suspend the small fish. It is illogical for the price to flow with that nonsense to rise directly without noticing large volumes.
I have 3 possibilities to think of:
1- We will visit 18 thousand and we will go up because everyone will think that we are going down to 12 thousand, especially after the answer that the market has gained.
2- Not to stop within 18 thousand and penetrate it directly, I think because the price will not go down under 14 thousand, but the bottom cannot be expected before you saw the drop and its shape, so it remains talk.
3- This is a real bullishness and we missed the bottom. We are waiting for the end of wave 1 of the impulsive wave (I have not been able to draw any impulsive wave that supports this analysis).
Please let us know what you think and what you think
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