First of all, I want to say, that this scenario isn´t my primary scenario, on the other hand, it is entirely possible, that this secondary scenario will play out
There is my primary eliott wave count in which I am expecting long boring consolidation (wave 4) - the bottom should be set for a long time. Currently the sentiment is very bearish, the most people are in SHORT position, so I am not expecting downside move from current consolidation.
In this secondary scenario, we are currently in wave 4 - triangle - and we will go down soon, approximately to 20k -> that would mean, that trend has reversed. Then we should see some sort of 3-wavish pullback, which will be wave B and then the downtrend will continue and we should see wave C, which should definitely go below 20k.
There is my primary eliott wave count in which I am expecting long boring consolidation (wave 4) - the bottom should be set for a long time. Currently the sentiment is very bearish, the most people are in SHORT position, so I am not expecting downside move from current consolidation.
In this secondary scenario, we are currently in wave 4 - triangle - and we will go down soon, approximately to 20k -> that would mean, that trend has reversed. Then we should see some sort of 3-wavish pullback, which will be wave B and then the downtrend will continue and we should see wave C, which should definitely go below 20k.
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.