There is no doubt at this point in time. BTC is in a 5 -WAVE downward movement and we are nearly the end of this SWING.
As an Elliot Wave analyst my goal is to forecast where the 5th wave of the 5th wave will end.
1) I'm waiting to see where the sub-4th wave will stop
2) once it's done, I will be able to forecast the sub-wave 5 that will complete the BIGGER figure.
This 5-wave downward movement can be the start of a small or bigger BEAR market or it could just be a WAVE 4 of a different higher degree wave that keeps the BULLISH TREND intact for a new ATH.
I don't have a CRYSTAL BALL as I often like to say. Here is not my focus to be honest.
My goal is to find the best ENTRY as possible in order to ride the next swing that should retrace the previous swing (12345) to 60k-62k region for BEAR / BULL or NEUTRAL case.
The market works like that. The trend needs to retrace this SELOFF by at least 50%. This is the highest probability.
Knowing that, I will focus on that probability to MAKE MONEY.
I hope this makes sense to you.
As an Elliot Wave analyst my goal is to forecast where the 5th wave of the 5th wave will end.
1) I'm waiting to see where the sub-4th wave will stop
2) once it's done, I will be able to forecast the sub-wave 5 that will complete the BIGGER figure.
This 5-wave downward movement can be the start of a small or bigger BEAR market or it could just be a WAVE 4 of a different higher degree wave that keeps the BULLISH TREND intact for a new ATH.
I don't have a CRYSTAL BALL as I often like to say. Here is not my focus to be honest.
My goal is to find the best ENTRY as possible in order to ride the next swing that should retrace the previous swing (12345) to 60k-62k region for BEAR / BULL or NEUTRAL case.
The market works like that. The trend needs to retrace this SELOFF by at least 50%. This is the highest probability.
Knowing that, I will focus on that probability to MAKE MONEY.
I hope this makes sense to you.