8 wave (elliot wave theory) complete downtrend (BTC) $44,444
Updated
Good afternoon traders,
Just thought I'd post this last chart with the community before the daily close in just under 3 hours and then later this evening when Asia wakes up, and usually sells off (or during the night time for EST)
Will update part a, b, and c once this 5th wave is complete as certain levels have to hold for this scenario to be met and at this point this is just an idea, and any downwards pressure will confirm it within the next 24 hours.
The target is $44,444, if all conditions are met and line up accordingly.
Please get this technical analysis to 30+ likes to unlock more content! 👍
Just thought I'd post this last chart with the community before the daily close in just under 3 hours and then later this evening when Asia wakes up, and usually sells off (or during the night time for EST)
Will update part a, b, and c once this 5th wave is complete as certain levels have to hold for this scenario to be met and at this point this is just an idea, and any downwards pressure will confirm it within the next 24 hours.
The target is $44,444, if all conditions are met and line up accordingly.
Please get this technical analysis to 30+ likes to unlock more content! 👍
Trade active
Trade active
probably a bounce here, looking to re short $48,444 considering funding is 0.2+ in the next 8 hoursNote
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