AW BITCOIN ANALYSIS - An Overview of the Current Wave Setup...
I am back after a good break and ready to bring you the best wave analysis on the web.
The move down continues in this Crypto Winter\Bear Market.
This video breaks down the larger picture with large degree wave counts and then down to recent small degree moves.
Through process of elimination, it became clear that this move down is nowhere near complete.
Current Wave: We are currently in Wave ii of Wave 3. In Wave B of Wave ii which is expanding to the downside similar to Wave 2.
I expect Wave ii to complete below $18,000 or the end of Wave i.
The reason for this is that the larger move down (WAVE C) will get weaker as time goes on including all it's corrective components as they expand to the downside.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
The move down continues in this Crypto Winter\Bear Market.
This video breaks down the larger picture with large degree wave counts and then down to recent small degree moves.
Through process of elimination, it became clear that this move down is nowhere near complete.
Current Wave: We are currently in Wave ii of Wave 3. In Wave B of Wave ii which is expanding to the downside similar to Wave 2.
I expect Wave ii to complete below $18,000 or the end of Wave i.
The reason for this is that the larger move down (WAVE C) will get weaker as time goes on including all it's corrective components as they expand to the downside.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
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.