After our first impulse down Bitcoin created a nice flat correction (3-3-3) and Elon Musk gives us our last Impulse to the upside. (Maybe Michael Saylor phoned him to give him his exit pump xD)
It looks like we are currently forming a tiny second wave of the last 5 wave impulse down. The big 3 wave to the downside should follow in the next few hours (Big players are filling their shorts now).
The final target for FIB traders, Elliott wave Traders and Support/Resistance traders is the 20k region. Everything is pointing to the downside now.
Pattern traders will this trade as an descending triangle with a false breakout
It looks like we are currently forming a tiny second wave of the last 5 wave impulse down. The big 3 wave to the downside should follow in the next few hours (Big players are filling their shorts now).
The final target for FIB traders, Elliott wave Traders and Support/Resistance traders is the 20k region. Everything is pointing to the downside now.
Pattern traders will this trade as an descending triangle with a false breakout
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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.