BTC EW count
We had a pretty strong bounce and I believe the correction is over. Which implies that the entire CC space should be on the rise from here.
https://uk.tradingview.com/x/b5KqAGXS/
We had a pretty strong bounce and I believe the correction is over. Which implies that the entire CC space should be on the rise from here.
https://uk.tradingview.com/x/b5KqAGXS/
If the market goes below $11968 this count will be invalidated.
we went below today , so count is invalid right ?
yes
This count has been invalidated.
a recent post you stated a close below 14205 would see further downside to the 89 WMA at 12880, is this still valid? thanks srezz
edit: the korea news is likely gonna end the recovery. damn.
I use WMAs because they represent dynamic support/resistance. Yes, at the time of writing 89 WMA was @ $12880. But now it is @ 12912 and we have just bounced from it. However, if it doesn't hold we will test the lower low of the 22nd of December.
https://www.mql5.com/en/charts/8150989/btcusd-d1-simplefx-ltd
you think btc is still going to recover from this FUD?
To turn this train around will take quite a bit of time and effort. But here is the yardstick - a weekly close below $13282 will be a confirmation of the bear trend
I understand. thank you.
Srezz.. you are amazing.. i cannot thank you enough for being open to share such thoughts.. can you guide what can one read to gain more understanding about data analysis about cc market