Hello ladies and lads.
Hope you all are well.
The outlook on Bitcoin and all the altcoins are really positive, but according to Elliotwave, we need to be cautious right now.
There a tiny chance, at least, that we see 5 wave down in BTC, if price fail to maintain a Daily Close above 64895.22 (last high) in order to finish a Correction pattern (i.e. ABC correction pattern).
So according to what Elliot says about how waves works, we better act as follow:
1 - If you do not have BTC yet, wait a little more to see at least a daily close above 64895.22 before you enter this market.
2 - If you have BTC, just be cautious. This is a dangerous area. Act according to your own trading plan.
I'll answer to your questions in the comment section.
Remember, patients pays in this market.
Cheers.
Hope you all are well.
The outlook on Bitcoin and all the altcoins are really positive, but according to Elliotwave, we need to be cautious right now.
There a tiny chance, at least, that we see 5 wave down in BTC, if price fail to maintain a Daily Close above 64895.22 (last high) in order to finish a Correction pattern (i.e. ABC correction pattern).
So according to what Elliot says about how waves works, we better act as follow:
1 - If you do not have BTC yet, wait a little more to see at least a daily close above 64895.22 before you enter this market.
2 - If you have BTC, just be cautious. This is a dangerous area. Act according to your own trading plan.
I'll answer to your questions in the comment section.
Remember, patients pays in this market.
Cheers.