Nothing abnormal.
I explain in detail.
The price of Bitcoin is currently venting indicators and oscillators on the monthly chart, which was at a very high point of exhaustion.
Note that wave 3 crashed exactly at 3,618% of the Fibonacci extension, a situation that escapes the general rule, since the normality of wave 3 is at 1,618% of the Fibo extension.
According to Elliot's rule, the retraction waves (which are inserted within the cycle 1-2-3-4-5) 2 and 4 can be simple or complex.
If wave 2 is complex, wave 4 will not be or vice versa.
But what is a complex wave? It is a wave that goes up and down several times, visualized through the candles formed.
In the case under discussion, the clear complexity of wave 2 is measured, so wave 4, that is, this brief scenario of the bears in command, will be shorter than we can imagine.
But I know that you would like to know about a right time. Well, that is very difficult to say, but I would risk mentioning a time lag of up to 60 days. The best way for you to keep track of this is to plot the 9-period exponential moving average (EMA) on the graph. If the price beats this average on the weekly chart, it already points to a strong idea that the market will definitely continue the bull run. Until then, there may be a lateralization, which is where the big investors accumulate the asset.
Please, my friends, don't fall for stories that cryptocurrencies have died, that the price won't come back, or that China is to blame for everything. Please do not get carried away by FUD (fear, uncertainty or doubt).
Look at the graph and the exponential growth of BTC!
The market is normal, only in a bearish wave to make wave 4 perfect. And this is completely healthy and necessary.
Unfortunately altcoins follow the path taken by BTC, they are not yet independent, so be aware that just as they fell, they will rise again.
Now is not the time to be immediate, the study shared here may take a few months to complete.
Perhaps the ideal would be to not look at the chart or the application of your broker or the wallet all the time, this can be harmful to your mental health. Sometimes we just have to wait for the storm to pass. And believe me: this will pass! This happens in countless situations in our lives and for this case, fortunately, there is a solution.
If you are still buying, I recommend that you wait for the price to resume high. Yes, you will be stuck for a while until then. But that's how it is. I will assume that you have invested in this extremely volatile market an amount of money that you will not need to buy bread and milk.
Whoever can take a beating wins, then it's time to resist! =)
Let's go together!!
I explain in detail.
The price of Bitcoin is currently venting indicators and oscillators on the monthly chart, which was at a very high point of exhaustion.
Note that wave 3 crashed exactly at 3,618% of the Fibonacci extension, a situation that escapes the general rule, since the normality of wave 3 is at 1,618% of the Fibo extension.
According to Elliot's rule, the retraction waves (which are inserted within the cycle 1-2-3-4-5) 2 and 4 can be simple or complex.
If wave 2 is complex, wave 4 will not be or vice versa.
But what is a complex wave? It is a wave that goes up and down several times, visualized through the candles formed.
In the case under discussion, the clear complexity of wave 2 is measured, so wave 4, that is, this brief scenario of the bears in command, will be shorter than we can imagine.
But I know that you would like to know about a right time. Well, that is very difficult to say, but I would risk mentioning a time lag of up to 60 days. The best way for you to keep track of this is to plot the 9-period exponential moving average (EMA) on the graph. If the price beats this average on the weekly chart, it already points to a strong idea that the market will definitely continue the bull run. Until then, there may be a lateralization, which is where the big investors accumulate the asset.
Please, my friends, don't fall for stories that cryptocurrencies have died, that the price won't come back, or that China is to blame for everything. Please do not get carried away by FUD (fear, uncertainty or doubt).
Look at the graph and the exponential growth of BTC!
The market is normal, only in a bearish wave to make wave 4 perfect. And this is completely healthy and necessary.
Unfortunately altcoins follow the path taken by BTC, they are not yet independent, so be aware that just as they fell, they will rise again.
Now is not the time to be immediate, the study shared here may take a few months to complete.
Perhaps the ideal would be to not look at the chart or the application of your broker or the wallet all the time, this can be harmful to your mental health. Sometimes we just have to wait for the storm to pass. And believe me: this will pass! This happens in countless situations in our lives and for this case, fortunately, there is a solution.
If you are still buying, I recommend that you wait for the price to resume high. Yes, you will be stuck for a while until then. But that's how it is. I will assume that you have invested in this extremely volatile market an amount of money that you will not need to buy bread and milk.
Whoever can take a beating wins, then it's time to resist! =)
Let's go together!!