According to Elliot wave analysis and ABC pattern, we are in one of two bellow cycles:
1- We are in Wave4 (retracement) of bearish market and after a while price will enter to the Wave5 and crash to 20K support level.
2- We just finished ABC retracement pattern and A new Bullish cycle has started.
*This is only an analysis based on daily time framed and should not take as signal for lower time frames. It can be good for money management.
1- We are in Wave4 (retracement) of bearish market and after a while price will enter to the Wave5 and crash to 20K support level.
2- We just finished ABC retracement pattern and A new Bullish cycle has started.
*This is only an analysis based on daily time framed and should not take as signal for lower time frames. It can be good for money management.