Almost a month since I posted this Winter Soldier Edition (linked at the bottom) I'm going to give you a more specific look at what I believe is going on here long term, including my suspected consolidation zone that I expect to last until mid-to-late 2023.
Someone might say "4 cannot trade into the zone of 1 for correct Elliot Wave" and they would generally be correct, with that said it can and absolutely has previously wicked down into these zones and you should be aware that can happen.
Will it be a straight path to the consolidation zone? absolutely not. Impulse waves will be required to reset RSI levels and it may take many months to reach this zone but the resistance levels are very clearly marked out and you can inter-day trade these targets if you so wish, just be aware as sentiment turns increasingly negative this will become a much more dangerous prospect.
As always, trade however you want to trade, this is just what I'm seeing and what I'm doing in terms of BTC.
Last Month's Winter Soldier Edition:
Someone might say "4 cannot trade into the zone of 1 for correct Elliot Wave" and they would generally be correct, with that said it can and absolutely has previously wicked down into these zones and you should be aware that can happen.
Will it be a straight path to the consolidation zone? absolutely not. Impulse waves will be required to reset RSI levels and it may take many months to reach this zone but the resistance levels are very clearly marked out and you can inter-day trade these targets if you so wish, just be aware as sentiment turns increasingly negative this will become a much more dangerous prospect.
As always, trade however you want to trade, this is just what I'm seeing and what I'm doing in terms of BTC.
Last Month's Winter Soldier Edition:
