TRXUSD: A mid-term weekly logarithmic channel?1. Weekly wave counting has been done Productively & not Reactively. Yes! It is only a suppositional future possibility.
2. Basis? Market Phases & Cycles:
- Accumulation
- Distribution
- Re-accumulation/Re-distribution
- Market UP
- Market DOWN
3. The mid-term newly weekly channel formed seems to be credible as another proof to the Elliot.
4. When the 5th wave is completed, then a sharp -80% downturn is expected.
5. Vertical Lines of the past cannot be necessarily repeated and are just a proximation of suppositional future time intervals. They can be illustrated using Gann Tool which is far more powerful.
6. Sometimes we need to be Reactive while other times we have to be Productive. There is no black & white or a single Boolean approach to say that this is absolutely true or false to be addressed.
7. The market has shrunk more than 27% some 500 BUSD which is signaling that a serious bearish season is ahead. The question is: where is all the money sucked out now?!
This is by no means a financial advice and it is not neither a prescription to buy, hold, or sell anything.
