Hello friends,
What happens when prices are falling fast and investors can't set stop-loss orders?
What happens when you type "I'm a student and put my entire life savings into crypto but l ..." into your browser (google c o m) and press enter?
Market Saturation (Selling out of balance). Now, you are a bear (by nature!)
Technical analysis and Fundamental analysis:
To confirm a technical analysis, we can take the help of Fundamental analysis. Fundamental analysis is based on external events and influences, as well as financial statements and industry trends.
Technical analysis :
The struggle between the two motive and correction waves generally makes corrective waves less clearly identifiable than motive waves. As a result, you don't know when correction will make its next appearance.
In this Idea, three types of Zigzag correction, Flat correction, Triangle correction have been identified.
Where to next?
Based on chart (below), wave 2 has completed and after a pull back in wave 3, Bitcoin is closer to ending wave 3.
Once wave 3 is completed, resumption of the uptrend is expected (wave 4- $ 51800).
Appendix:
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Fundamental:
FDA authorizes Pfizer’s Covid treatment pill
www.cnbc.com/2021/12...ng-the-pandemic.html
FDA authorizes Pfizer’s Covid treatment pill
www.cnbc.com/2021/12...ng-the-pandemic.html
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Fundamental (1-Pfizer, 2-Merck) :
FDA authorizes "" second antiviral pill "" to treat Covid-19
The US Food and Drug Administration on Thursday authorized Merck's antiviral pill, molnupiravir, to treat Covid-19
www.fda.gov/news-eve...ent-covid-19-certain
FDA authorizes "" second antiviral pill "" to treat Covid-19
The US Food and Drug Administration on Thursday authorized Merck's antiviral pill, molnupiravir, to treat Covid-19
www.fda.gov/news-eve...ent-covid-19-certain
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