Good morning World,
for the past week or just to be fair two weeks was one of the worst battles between bulls and bears that i personally witnessed during my "CRYPTO" trading life (which is very short) why do you i think it was the worst, for one reason close to the bottom a lot of hardCORE crypto BULLS gave up and turn to bears which magnified their losses and that is a normal characteristic of a wave 3 its strong, and wipes accounts. i still believe that bitcoin will moon somehow but like i mentioned in one of my previous analysis we need to find a bottom.
based on my analysis -
5800 wave 3
9K wave 4
and now we're working on 12345 of 5
finished 1 of 5
2 of 5
we'll bottom somewhere close to 4700-5000
invalidation only trading above wave 9200
for the past week or just to be fair two weeks was one of the worst battles between bulls and bears that i personally witnessed during my "CRYPTO" trading life (which is very short) why do you i think it was the worst, for one reason close to the bottom a lot of hardCORE crypto BULLS gave up and turn to bears which magnified their losses and that is a normal characteristic of a wave 3 its strong, and wipes accounts. i still believe that bitcoin will moon somehow but like i mentioned in one of my previous analysis we need to find a bottom.
based on my analysis -
5800 wave 3
9K wave 4
and now we're working on 12345 of 5
finished 1 of 5
2 of 5
we'll bottom somewhere close to 4700-5000
invalidation only trading above wave 9200