What's next?
Cập nhật
I'm not quite sure about where the market is going next. I'm more or less trying to sum up my impression of the possible route for BTC so far.
I tried an alternate Elliott count (consisting of a Double Three in the W wave, Expanded Flat in the X wave and a tentative Y wave) compared to the Triple Three I used before. I've also identified potential fractals which might give us a pump (to approximately $8,000-$8500) before dump to $5,500-$6,000. Both fractals have a bullish divergence identified on the RSI.
I don't believe this is the start of a bull market but merely another cog in the bear market before a complete correction. Highly likely I could be dead wrong. I'd love to hear feedback based on your long term analysis.
P.S. I'd also love if you could recommend a book for me to learn Gann Analysis.
I tried an alternate Elliott count (consisting of a Double Three in the W wave, Expanded Flat in the X wave and a tentative Y wave) compared to the Triple Three I used before. I've also identified potential fractals which might give us a pump (to approximately $8,000-$8500) before dump to $5,500-$6,000. Both fractals have a bullish divergence identified on the RSI.
I don't believe this is the start of a bull market but merely another cog in the bear market before a complete correction. Highly likely I could be dead wrong. I'd love to hear feedback based on your long term analysis.
P.S. I'd also love if you could recommend a book for me to learn Gann Analysis.
Ghi chú
Hidden divergence might also mean the downtrend is continuing since it looks like wave X of Y is finishing up.
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