GTWCA-23 | Still Correcting?
Again. My dearest friends
It is Gandalf The White & this is my opinion on the actual crypto market situation - mainly btc and ada.
BTC
"Quite the same as last week", you might close your short positions if you have not already (getting sketchier and sketchier, be careful - btc still got potential to fall back a little but it is decreasing) because the correction might be over, maybe not, we have to wait. I again will show you the most likely options, imo.
Btc is not (really) in the cloud anymore (right below its bottom edge). Above the .618 fib lvl. Current price: ~8k$ - decrease by around 500 since last #gtwca.
Tradingview chart - XBT/USD, daily, Kraken - three weeks ago:
Two weeks ago:
Last week:
Today:
Again, seven new candles and some 'adjustments'. Apart from that:
- Blue possible corrective Elliott Wave movement.
- Purple possible correction wave movement.
- Red possible third wave.
The remaining lines etc. are the same as in my last #gtwca.
The two very likely options which could/probably will happen:
(1.) Blue wave movement: It starts at the turquoise no. 1 spot, then goes to the blue "A", "B" and lastly "C" - this movement would have ended two days ago. Let us say it has ended two days ago, that would signify that the second wave of the turquoise wave came to an end and its third wave (red line) started ==> bulls!
(2.) Purple wave: It begins at the same point as the blue wave does, then it follows the blue wave to the point "A" and "B", but then it goes to the purple "C"/turquoise "2" spot ==> wait a little more for the bulls but still good buy option (and presumably good time to close your short positions) - like last week!
Well, like last week now is a quite good time to buy the "dip" before the bull run begins. And again, better close your short positions (although it could drop a bit more - should not be too much if it does).
No limit or warranty - nlow.
Although I do not think that I forgot to mention anything, I hope.
Btw. 'right click' on any picture and 'open image in a new tab' if you want to have a bigger version of it.
ADA
Ada is looking pretty the same as btc. It is in the cloud though. Over the .618 mark. Correction might be over too, or not. Price: 0.24$ - decrease by 0.03.
Resume, the bulls are gathering. As always, if you have any questions ==> simply comment, I will answer.
Keep calm and be rational - just you guys wait, just wait a little more! ;D
Yours truly,
Gandalf The White
PS: Sorry for my bad Nepalese.
I am not a financial advisor - everything here is for educational/informational purpose; only my own opinion. Always do your own research!
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