Bitcoin scenarios 23rd of May 2021
Hi guys, my previous scenarios played out perfectly. Let's see what comes next.
Bull : this was only the 4th macro wave and we are heading back up after a period of re-accumulation, will have to re-visit this one next week in order to make a more accurate calculus.
Bear : we reach the support at the 28.000$ area and break it. Next levels are found at the 23.000$ area and lower at the 16.000$ area.
Waiting to see an RSI bullish divergence on the daily that would confirm a bounce.
Elliott waves completed wave C ( 9 waves down ). Will have to wait and see if this turns into an impulsive wave and completes waves 4 & 5.
The Fibonacci level I'm watching is also situated at the 28.000$ area, so a visit there seems very plausible.
Not financial advice guys, DYOR !!!
Bull : this was only the 4th macro wave and we are heading back up after a period of re-accumulation, will have to re-visit this one next week in order to make a more accurate calculus.
Bear : we reach the support at the 28.000$ area and break it. Next levels are found at the 23.000$ area and lower at the 16.000$ area.
Waiting to see an RSI bullish divergence on the daily that would confirm a bounce.
Elliott waves completed wave C ( 9 waves down ). Will have to wait and see if this turns into an impulsive wave and completes waves 4 & 5.
The Fibonacci level I'm watching is also situated at the 28.000$ area, so a visit there seems very plausible.
Not financial advice guys, DYOR !!!
Comment:
seems my calculus was on point. waiting to see another touch and maybe break of the 28.000$ levels. If this will be the case I expect to see another touch of the 23.000$ levels.
