Hello fellow Bitcoin traders, investors and speculators! BITFINEX:BTCUSD
Last weekends gains promised a stable uptrend to the 11500$ mark, but the famous "Sunday Evening" effect got in our way.
As long as we don't see a impulsive uptrend over 11000$ the plan is and will be a drop to 9000$. (8200$ Top-Down)
Just keep in mind that another detour to 11500$ is still possible but very unlikely, i will keep this alternative on the chart until Wave 3 starts!
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Last weekends gains promised a stable uptrend to the 11500$ mark, but the famous "Sunday Evening" effect got in our way.
As long as we don't see a impulsive uptrend over 11000$ the plan is and will be a drop to 9000$. (8200$ Top-Down)
Just keep in mind that another detour to 11500$ is still possible but very unlikely, i will keep this alternative on the chart until Wave 3 starts!
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.