Bitcoin has broken out of wave C of the triangle corrective channel and heading higher in wave D.
Two days ago, I'm bearish on Bitcoin and I'm bullish now due to the recent price action formation. Am I missing out on the rally?
NO! Because as an Elliotician, I need to see a five-wave sequence to the upside to identify that the trend is now bullish.
After which I will be looking for a three-wave move in the opposite direction to join the buyers.
I don't have to buy the bottom and I don't need to sell the top, I just have to enter the market at the right time when the odds of winning are in my favor.
What's your view on Bitcoin? Let me know the comment.
Two days ago, I'm bearish on Bitcoin and I'm bullish now due to the recent price action formation. Am I missing out on the rally?
NO! Because as an Elliotician, I need to see a five-wave sequence to the upside to identify that the trend is now bullish.
After which I will be looking for a three-wave move in the opposite direction to join the buyers.
I don't have to buy the bottom and I don't need to sell the top, I just have to enter the market at the right time when the odds of winning are in my favor.
What's your view on Bitcoin? Let me know the comment.