Is that an upward correction as red circled abc or already an impulse as blue circled i,ii,iii,iv,v - that's the question now? Both variants are possible in my opinion and must be observed.
An upward correction would mean that after completion, another sell-off towards black Alt (4) starts. Only with the completion of this potential sell-off, a re-entry long makes sense.
On the other hand, a new impulse (blue circled i,ii,iii,iv,v -) could have already started from the low at the black (4). Then, however, the blue wave iii would have to lead to a fast strong rise and indeed beyond 42,650 USD and thus form new all-time highs.
Difficult decision and it is now to continue to watch carefully and heed the set alarms. In case of doubt, the short-term use of the sidelines is the better decision. (Applies to short-term oriented traders, because the new all-time highs will come and is currently out of the question for me and Hodl'er simply hold and ignore the short-term intermediate skirmish).
Ich denke wir sind bei der roten C angekommen.
Ach so übrigens, dank dir bin ich jetzt im Besitz von BP Aktien ;-p
Mach bitte weiter so!!
-> mal kurz noch ein DANKESCHÖN da lassen
Viele Grüße
Steffen
abel11
⋅
good potential
JBhebZ
⋅
elliott waves are pretty subjective to me but this is a nice idea! the possibilities tho
Ach so übrigens, dank dir bin ich jetzt im Besitz von BP Aktien ;-p
Mach bitte weiter so!!
-> mal kurz noch ein DANKESCHÖN da lassen
Viele Grüße
Steffen