Bears are losing steams
After all the sadness, despair, fud, capitulation whatever you want to call it. We essentially dropped more than 50% in the market-cap over the last month.
In spite of we hit new all time low a few days ago, but it is obvious that bears are losing their willingness and strength.
Alongside with Elliot wave count and the lower bound of falling wedge as a support, it is most likely we will see one last leg down towards low 3000s or a wick below 3000.
It can be one of the best time to buy by the time as I see little resistance to hinder btc to bounce towards 3800+ once bulls find their setup and fully prepared, while the signals is getting clear, bears will liquidate their position and ready to join bulls.
After all the sadness, despair, fud, capitulation whatever you want to call it. We essentially dropped more than 50% in the market-cap over the last month.
In spite of we hit new all time low a few days ago, but it is obvious that bears are losing their willingness and strength.
Alongside with Elliot wave count and the lower bound of falling wedge as a support, it is most likely we will see one last leg down towards low 3000s or a wick below 3000.
It can be one of the best time to buy by the time as I see little resistance to hinder btc to bounce towards 3800+ once bulls find their setup and fully prepared, while the signals is getting clear, bears will liquidate their position and ready to join bulls.
Forex & Crypto day trader