My Elliot wave
count for LINK/BTC
, as you can see I believe we haven't started wave B yet but it could be possible this last dip is wave C. Though it is likely still wave A taking into account the average numbers of days between waves, that is if we are in wave c then wave a was abnormally short compared to the rest for LINK/BTC
(I know time frames for waves aren't really important but with the low spread of days per wave i thought I'd take it into account). Regardless of which wave it is we can expect price action between the 0.5 and 0.618 fib and it is interesting to note that the blue lower trendline
goes through this area. Therefore I believe we can expect to see a lot of support around this area and likely a bounce especially with LINK in my opinion being a strong coin. I for one will be buying the bounce but stop loss is a must in this overall bear market, falls to 0.786 fib are common. Trade safe.
*This is not financial advice and is intended for comedic purposes only*