BITCOIN: in the limit of the Count's Validity
Quick post. BITCOIN has dropped a little bit lower than my expected level (7007 USD).
Now we are in moment to validate the Elliot Wave count.
BITCOIN is clearly in the 61.8 FIBO Level:
Also RSI shows an oversold situation which may anticipate the rebound:
If, by the contrary, BITCOIN would fall even more, i.e. below 6800 USD, the 5 Wave Elliot Count in Blue would be invalidated hence, another scenario would appear, promoting the Bearish cycle, so even lower lows...
...take care and, in top of anything, enjoy Cryptoland!!!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted at TIMM
Y si ya hemos tenido las 5 ondas y esta correccion es correspondiente a todo el impulso alcista? la proporcion invita mas a pensar esto a que de trata de la 4ª onda, y se cumplen todas las normas...
He trazado Fibonacci con todo el hipotetico impulso y estariamos a punto de llegar al 0.618. Ademas, en las sub-ondas del 1 y 3 del movimiento C de la correccion en zigzag, respetan al milimetro los niveles Fibo 0.236 y 0.382
Que opinas?
Estoy en el barco a Cerdeña pero, si, parece un buen pronóstico 😂😂....no tengo mucha cobertura 😉
Que ganas tenias de decir que estas en una barco rumbo a Cerdeña 😝
good analysts have a great day
Hi, I just wanted to say that you should use the 28 day on the RSI for a more accurate reading. We are still far from oversold on the 1 day. So I wouldn't trust the current level to hold just based on the RSI. I would enter here with a tight stop loss, and I would make sure that I left funds in the wallet for lower entry points. Good luck!
Agree 100% with you.
Thank you Eddie!
Fast post with a good analysis!
Empiezo a pensar que en vez de entrar a tu blog para ver una opinion, lo hago para que alguien me de la razon xD
Y eso? Tranqui que si no estoy de acuerdo te lo diré 😂😂
Ya has visto en mi grafico porque lo decia... 😜