GTWCA-27 | It's A Trap! Does It Bounce?

My dear friends

It is the one and only Gandalf The White - focusing on xbt and ada.

BTC

Phew!... or not... It happened. We dropped little too much, hopefully it is over now - bulls, come on, where are you? -; but I would not be too sure about that.
However, this was a bull trap, kind of.
' Admiral Ackbar - "It's A Trap!" '

So, we definitely are not in the next wave - at least not the wave I was talking about last week and so on.
We still might be in the correction/second wave which started on the 20th/21st of February. Maybe we are in the third wave now, since four days. Would be perfect, but nothing is sure, right now. We have to wait and see, again. Could be a bear trap - "It's a trap!" haha, I would love to see a bear trap occur.
Btw. next 'bigger' supports: Around 4k and 2.5k$.
Xbt dropped again, to ~6.5k - decrease by around 500$. Below the cloud and the .618 fib.
Tradingview chart - XBT/USD, daily, Kraken - one month ago:

^{Click on any image for a bigger version of it}
Three weeks ago:

Two weeks ago:

Last week:

Today:

Explanation:
Seven new candles. As always, the volume, the black fib marks and the cloud and its lines.
The green support line is adjusted.
The yellow lines form an impulsive 1-5 elliott wave movement (visible: first two waves and its third wave partly).
The blue bearish A-C elliott movement forms the yellow second wave.
The first turquoise movement builds the first blue wave, the pink movement the second blue wave and the "younger" turquoise movement builds the third blue line.
Lastly, the red resistance line - well, we need to break through that urgently.

Conclusion:
This one fall (below 6.5k$) might have changed a lot. Btc is not as bullish as I thought, but it still is, surely. Btc will be a little slower - hopefully not too slow. Let us pray that it does not go under 6k - would not be ideal.
Furthermore, you can see that some lines from last week's #gtwca etc. disappeared. They simply are not correct/useful anymore.

Btw. quite funny (or not), unfortunately the first scenario I was talking about two weeks ago in my #gtwca "25" happened (too) - more or less:

ADA

Finally, ada. The correction was not over. Maybe now it is - just wait, as always haha. Worth ~0.16$ - decrease by 0.02. Below the cloud and the 618.

Too much bears running around. Be patient my dearest friends. Xbt simply should not fall below 6k$. One word: Strenuousness.
Besides, I cannot upvote too much posts right now because my Voting Power needs to recharge.
Stay strong! (;

Yours truly,
Gandalf The White

PS: Sorry for my bad Pashto.

& I am not a qualified financial advisor or anything like that - everything here is just for educational/informational purpose; only my own opinion. Always do your own research.

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