BitcoinShort
Elliot wave idea for Bitcoin
A potential scenario for Bitcoin to surprise everybody can be like this and why I think it might happen.
1.Fed balance sheet is still shrinking
2.When they cut the rates at some point the bad data will come (High unemployment ,risk of reccesion)
3.This time there is a big lag between ETH/Alts and Bitcoin
I might be wrong but I will not be surprised if this happens.Confirmation will be in December - January 2025.
1.Fed balance sheet is still shrinking
2.When they cut the rates at some point the bad data will come (High unemployment ,risk of reccesion)
3.This time there is a big lag between ETH/Alts and Bitcoin
I might be wrong but I will not be surprised if this happens.Confirmation will be in December - January 2025.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.