Elliot Wave Theory
The X-Wave is about to start or has already started. Bitcoin most probably won't go below than this ! No reason to fall.
After the X wave the most probably outcome in a barrier/contracting triangle. These pattern are nothing but representation of market psychology. Just image what majority would be thinking right now ? Market bottom achieved ? RSI at lowest ever since the bull run to 69K, people must/will start to buy but as soon the X wave will end the market will start doubting the validity of the small pump and then start to go into a triangle which represents a deciding market. As this will be limiting triangle, once wave E ends the it will go upto 75% of the long wave in the triangle in a small time frame of a week or two. Then the major bull run will start. Apart what ever people say about the fall or dump. At end logic detects assets must always increase there value when backed by some moat.
After the X wave the most probably outcome in a barrier/contracting triangle. These pattern are nothing but representation of market psychology. Just image what majority would be thinking right now ? Market bottom achieved ? RSI at lowest ever since the bull run to 69K, people must/will start to buy but as soon the X wave will end the market will start doubting the validity of the small pump and then start to go into a triangle which represents a deciding market. As this will be limiting triangle, once wave E ends the it will go upto 75% of the long wave in the triangle in a small time frame of a week or two. Then the major bull run will start. Apart what ever people say about the fall or dump. At end logic detects assets must always increase there value when backed by some moat.
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