Hi guys was doing some personal analysis and decided to share as BTS
0.00% is behaving strangely at the moment. The weekly chart looks great we have definitely reached a bottom and are still in a clear uptrend and can see plainly the nice wave 1 rally. The wave 2 correction as ABC
looks like it not done just yet however. Wave C must always have 5 waves down which at the time of writing the current wave C hasn't formed 5 clear waves that do not break Elliot wave
rules (I have tried many cases). I also find it hard to believe we are getting a running flat (wave C shorter than wave A) in a bear market as well as taking into account BTS
0.00% had one of the weakest bounces I have seen from BTC's 6k dip. So for me my primary count is further downside which I have drawn for you.
RSI: Looks to have formed bottom
MACD: More room to go down
BUY ZONE AND TARGETS
Buy zone: Anywhere between 1800-2500 sats
Targets Mid term: 4500, 6000 sats
Targets Long term: 12000 sats
Targets Very long term: 18000 sats
-2.57% (new ATH
This is a very long term trade so do not expect the annoying moon anytime soon.
*Not financial advice*