**Possible BITCOIN bull trap scenario**
BITCOIN TA - BULL TRAP??
For this current run, I am anticipating a 5 wave move to $23,000, stemming from the previous run C wave bottom ( shown in the yellow ).
However, BITCOIN did not sell off all the way to the previous DEMAND ZONE of $20,600. And alternative scenario to watch for is if the current run is stemming from :
1. the bottom of the (A) WAVE,
2. peaking at $23,000 for the end of the (B) WAVE, and ...
3. coming back down along the red (C) WAVE, bottoming in the DEMAND ZONE of $20,600.
**not financial advice** just something I noticed.
Leave a LIKE. Leave a COMMENT and tell me what you think.
For this current run, I am anticipating a 5 wave move to $23,000, stemming from the previous run C wave bottom ( shown in the yellow ).
However, BITCOIN did not sell off all the way to the previous DEMAND ZONE of $20,600. And alternative scenario to watch for is if the current run is stemming from :
1. the bottom of the (A) WAVE,
2. peaking at $23,000 for the end of the (B) WAVE, and ...
3. coming back down along the red (C) WAVE, bottoming in the DEMAND ZONE of $20,600.
**not financial advice** just something I noticed.
Leave a LIKE. Leave a COMMENT and tell me what you think.
Penafian
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