Are we in a huge bearish Elliott wave?

(2) was a text book .618 Fibonacci retracement
(3) could be a 1.618 Fibonacci extension of (1) to (2)
(4) could be a .5 Fibonacci retracement of (2) to (3)
(5) coule be 1.618 Fibonacci extension of (2) to (3).

I personally find it hard to believe as I am a long term Bitcoin maximalist but... nothing is impossible in the crypto space.

Trade stängt manuellt:

I closed my trade at least temporarily for the reasons mentioned on the graph below

Kommentera:

Bulls are very weak

Kommentera:

Bearish sentiment:

(a) BTC cannot maintain a price above Kijun Sen (red line)
(b) Chipou Span (green line) is now out of any support