Elliot wave forces Bitcoin out of channel? possible downtrend
Bitcoin is looking to complete the corrective Elliot Wave. Doing this would force Bitcoin out of it's uptrend channel.
Also Bitcoin has stopped increasing exponentially and is now rather increasing in a linear way.
This might be what is gonna cause the next big correction,
Also Bitcoin has stopped increasing exponentially and is now rather increasing in a linear way.
This might be what is gonna cause the next big correction,
Kommentar:
If anyone knows how to put pictures in the trade updates, please enlighten me as I am not very familiar with tradingview
Trade geschlossen: Ziel wurde erreicht:
target reached
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
The 0,386 Fibonacci retracement taken since the last correction and the Fibonacci extension taken from the corrective wave A-B lead us both to a target of 17k USD.