Bitcoin still is in a Bear cycle and we will continue to be during 2023.
Yes, there's going to be rallies but they won't last much.
As you can see in the graph, the current situation for Bitcoin in an Elliott Wave count is on a corrective pattern consisting of a A,B,C,D,E (5 wave) bearish diagonal.
We'll see how it creates that pattern during this year, in correlation with SPY and the markets, expecting a grave bear run at some point and a quick recovery later on.
Yes, there's going to be rallies but they won't last much.
As you can see in the graph, the current situation for Bitcoin in an Elliott Wave count is on a corrective pattern consisting of a A,B,C,D,E (5 wave) bearish diagonal.
We'll see how it creates that pattern during this year, in correlation with SPY and the markets, expecting a grave bear run at some point and a quick recovery later on.
Trade attivo
Here we go. C target achieved ✅Now continuing with the idea, we should see a deep pullback and break of the previous low in the following days/weeks, probably driven by the news (inflation, FOMC, etc.)
Let's go!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.