Bitcoin Short Setup! ABC elliot wave correction
Full short elliot waves setup headed to 44000 to 48000 USD is finally here!. Some many bullish comments you heard: "november 80k"...."December 120k target cause stock to flow model"... too much FOMO I presume. We strongly believe on an end cycle have been reached this time and Bitcoin needs to correct 20% - 35% at least to keep an ascendend steps like it was in the past. Some few reasons to considery it:
1- FED Tappering it's here.
2- Inflation rate on historical highs.
3- Evergrande default and some few chinese institutions with high loans and no liquidity.
4- Bitcoin market makers are watching peoples FOMO.
5- Bitcoin Bearish Rising wedge
Elliot waves and chart features:
1- Logarithm chart
2- Wave A: 55500 - 58000
Wave B: 60000 - 63000
Wave C: 44000 - 48000
1- FED Tappering it's here.
2- Inflation rate on historical highs.
3- Evergrande default and some few chinese institutions with high loans and no liquidity.
4- Bitcoin market makers are watching peoples FOMO.
5- Bitcoin Bearish Rising wedge
Elliot waves and chart features:
1- Logarithm chart
2- Wave A: 55500 - 58000
Wave B: 60000 - 63000
Wave C: 44000 - 48000
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.