As some on the vitcoin talk forum know, I had forecast for an 86 low in btc recently. When it was hit, I thought that the bear market was over wave 5 had ended. I bought the low with joy.
But shortly thereafter I saw that the market action over the next few hours were 3s, not 5. Which meant the down move was not yet finished. I sold btc again with but a very small profit.
Looking at the wave count, and seeing 5 waves after the obvious wave 4, I now believe that wave 5 is extending. We re now in wave 2, which should end in a few more hours.
Wave 3,4,and 5 should finish by 7/6 at the latest. So the bear market is almost over.
Wave 3 will end ~ 75, and wave 5 will end ~ 64. If 64 breaks, it will go all the way to 48, but I think 64 will hold.
But shortly thereafter I saw that the market action over the next few hours were 3s, not 5. Which meant the down move was not yet finished. I sold btc again with but a very small profit.
Looking at the wave count, and seeing 5 waves after the obvious wave 4, I now believe that wave 5 is extending. We re now in wave 2, which should end in a few more hours.
Wave 3,4,and 5 should finish by 7/6 at the latest. So the bear market is almost over.
Wave 3 will end ~ 75, and wave 5 will end ~ 64. If 64 breaks, it will go all the way to 48, but I think 64 will hold.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.