Bitcoin – I made a huge mistake…
Hello, everyone!
Today I found that I made a mistake with the potential bottom forecast for the Bitcoin. I told you that $15-17k is sufficient drop to form the bottom, but the waves structure shows me that it could be lower.
Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. In trading chaos approach said that the waves number 3 usually reach the 1.61 Fibonacci extension level. We have already seen it in the wave 3 of the bear market.
Now the market is forming the wave 5 and waves 1 and 2 have been already ended. 1.61 Fibonacci level is located at $12500. I anticipate local pump to $20800, there I am going to close almost all my positions because I am sure that after that we are going to see the huge crash without any bounce to $12500. After that the local accumulation (waves 4 and 5) are anticipated and there will be the guaranteed bottom. Bull market will start next year. Sorry for my previous mistaken analysis, I was wrong only with the target and now it’s too early to buy even 33% of deposit.
Best regards, Ivan
Today I found that I made a mistake with the potential bottom forecast for the Bitcoin. I told you that $15-17k is sufficient drop to form the bottom, but the waves structure shows me that it could be lower.
Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. In trading chaos approach said that the waves number 3 usually reach the 1.61 Fibonacci extension level. We have already seen it in the wave 3 of the bear market.
Now the market is forming the wave 5 and waves 1 and 2 have been already ended. 1.61 Fibonacci level is located at $12500. I anticipate local pump to $20800, there I am going to close almost all my positions because I am sure that after that we are going to see the huge crash without any bounce to $12500. After that the local accumulation (waves 4 and 5) are anticipated and there will be the guaranteed bottom. Bull market will start next year. Sorry for my previous mistaken analysis, I was wrong only with the target and now it’s too early to buy even 33% of deposit.
Best regards, Ivan
Get access to private PineScript strategies and turn script alerts into orders at your exchange account with easy-to-set up bots
Get free alert bot:
skyrexio.com
Get free alert bot:
skyrexio.com
Bài đăng liên quan
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.