Bitcoin has been in a state of adjustment since it reached 42K, a new record.
In my personal opinion, using Elliott's point of view, it was previously expected that the upper side would leave after triangular convergence, but it seems that ABC is currently adjusting.
From the current perspective, the adjustment was made to 28K, but I was waiting for the adjustment from 27K to 28.5K.
From a long point of view, the previous 30.5K adjustment to 28.8K resulted in a burst of trading volume, and a failure to deviate from the Fibonacci 618 section.
bullish divergence check
Given that ABC 1:1 extension and C wave have adjusted to near 1.618, it appears that adjustments are being completed at a line that does not deviate.
We're going to take a high-point recapture in one go.
I think it's too much to do, and I think additional adjustments will continue.
From the current point of view, when the green section comes, we will open the long position and open the short position in the red section
In my personal opinion, using Elliott's point of view, it was previously expected that the upper side would leave after triangular convergence, but it seems that ABC is currently adjusting.
From the current perspective, the adjustment was made to 28K, but I was waiting for the adjustment from 27K to 28.5K.
From a long point of view, the previous 30.5K adjustment to 28.8K resulted in a burst of trading volume, and a failure to deviate from the Fibonacci 618 section.
bullish divergence check
Given that ABC 1:1 extension and C wave have adjusted to near 1.618, it appears that adjustments are being completed at a line that does not deviate.
We're going to take a high-point recapture in one go.
I think it's too much to do, and I think additional adjustments will continue.
From the current point of view, when the green section comes, we will open the long position and open the short position in the red section