Kinaibhlan

Bearish Scenario (Long Term)

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Kinaibhlan 已更新   
BNC:BLX   Bitcoin Liquid Index
Assuming we do reverse here at the 61.8% retracement of the drop from $20k, I believe we can go lower than $3.2k. This current trend is not acting like a typical bull market at all, for this reason I believe we are in a B Wave bear market rally that can actually go to $20k assuming the price continues to go higher. I will be following this idea and updating when we hit either $20k or go below $3.2k.
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elliottwavenuggets.c...t-8-wave-pattern.png

Looks like we could finally start to go down. This image is a perfect representation of the pattern predicted.

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