We considered a possible massive decline scenario for Bitcoin just after it recorded a new ATH ! :
At that time , Few people could even imagine such a decline. There are some alternative scenarios for BTC now e.g completion of a large degree wave cycle with ATH to be the top of wave 5 ( See related idea for details) however, most of them suggest same buy zone. Interesting !.
Please note suggested wave count on this chart is slightly different comparing to may last publication on BITCOINe and considerably differs from what I published on 20 Oct 2021 ! I showed these differences deliberately to depict how they converge to same numbers and hence same buy zone!
What is important is to recognize every possible scenario in advance and keep all of them in mind when trading !
Time proves the value of an analysis.
Good Luck everyone !
At that time , Few people could even imagine such a decline. There are some alternative scenarios for BTC now e.g completion of a large degree wave cycle with ATH to be the top of wave 5 ( See related idea for details) however, most of them suggest same buy zone. Interesting !.
Please note suggested wave count on this chart is slightly different comparing to may last publication on BITCOINe and considerably differs from what I published on 20 Oct 2021 ! I showed these differences deliberately to depict how they converge to same numbers and hence same buy zone!
What is important is to recognize every possible scenario in advance and keep all of them in mind when trading !
Time proves the value of an analysis.
Good Luck everyone !
