As I did mention in the last idea about the difference of this dip, the price can bounce again but I can not trust the accumulation completed.
It will be not easy for BTC to get a new peak. The general market including cryptocurrency will be affected again when FED comes to announce any new moves in March or later.
Therefore, I am imagining re-distribution and also re-accumulation phases in a whole year. This idea is quite common, particularly in contracting triangles, for wave B to exceed the start of wave A in what may be termed a running triangle in Elliott Wave theory.
Let's see what happens in the next moves.
NFA
It will be not easy for BTC to get a new peak. The general market including cryptocurrency will be affected again when FED comes to announce any new moves in March or later.
Therefore, I am imagining re-distribution and also re-accumulation phases in a whole year. This idea is quite common, particularly in contracting triangles, for wave B to exceed the start of wave A in what may be termed a running triangle in Elliott Wave theory.
Let's see what happens in the next moves.
NFA
Nota
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.