NO BULL MARKET HAS BEEN STARTED YET
Updated
Hi people
I still stick to my roadmap. Nothing has changed. In spite of the last wave has been extended to fibo 2.618 of A wave and we have seen new highs I still believe the bear market has been going on.
the wave starting from 6410usd on 18 December 2019 and ending at 7697usd is obviously a 3 wave structure marked as blue A wave and means that it is a correction. An impulsive wave cannot be a 3 wave structure. To say that the bull market started it has to be a 5 wave impulsive.
I see a 3-3-5 correction from 6410 usd to 10199 usd and it seems it ended at fibo 2.618 of A wave and C wave is an ending diagonal.
So I am short.
For further info please check the chart.
I still stick to my roadmap. Nothing has changed. In spite of the last wave has been extended to fibo 2.618 of A wave and we have seen new highs I still believe the bear market has been going on.
the wave starting from 6410usd on 18 December 2019 and ending at 7697usd is obviously a 3 wave structure marked as blue A wave and means that it is a correction. An impulsive wave cannot be a 3 wave structure. To say that the bull market started it has to be a 5 wave impulsive.
I see a 3-3-5 correction from 6410 usd to 10199 usd and it seems it ended at fibo 2.618 of A wave and C wave is an ending diagonal.
So I am short.
For further info please check the chart.
Trade closed: target reached
I have closed my short at 5430 USD on Binance Futures. I expect one more leg up and one more down for the last time as described on the chart. then it is gonna start the bull run
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