Bitcoin downtrend warning!!!! Do not catch the falling knife!!!
Seem no one warn people about bitcoin downtrend is already happen. I publish this idea:
As the price already broke last swing low of the uptrend, it is also form the ABC downtrend elliot wave.
Dont catch knife when it fall, now we should wait for the uptrend is back, buy deeper.
Trading scenario in this time is:
- If the price close below 43k, wait it to go to 40k or 30k and wait for trend reversal parttern
- If the price can break 60k, then the uptrend could be back, we should only buy long-term then
Now dont invest your money in altcoins yet, wait for the colossal forming trend first.
Dont catch knife when it fall, now we should wait for the uptrend is back, buy deeper.
Trading scenario in this time is:
- If the price close below 43k, wait it to go to 40k or 30k and wait for trend reversal parttern
- If the price can break 60k, then the uptrend could be back, we should only buy long-term then
Now dont invest your money in altcoins yet, wait for the colossal forming trend first.