Wednesday update - Wave (b) likely!
Welcome back to our Wednesday update
Like I mentioned in the video, we suspect that the whole pump of the last days resembles a wave (b) and I explained that an expanded flat or running flat might be the most likely patterns to unfold in bitcoin.
For everyone who wants to learn more about corrective patterns, the following website provides helpful information in chapter 5.
Note: This isn't an advertisement and i don't have any business relations with the creators of this website.
elliottwave-forecast...elliott-wave-theory/
Please note that we are already invested in Bitcoin since the 15th of June, back then we announced our first positions here on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$
Like I mentioned in the video, we suspect that the whole pump of the last days resembles a wave (b) and I explained that an expanded flat or running flat might be the most likely patterns to unfold in bitcoin.
For everyone who wants to learn more about corrective patterns, the following website provides helpful information in chapter 5.
Note: This isn't an advertisement and i don't have any business relations with the creators of this website.
elliottwave-forecast...elliott-wave-theory/
Please note that we are already invested in Bitcoin since the 15th of June, back then we announced our first positions here on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Would be lovely to see this happen because then we wouldn't have to deal with a wave (c).
Fingers crossed, let's see what happens...