Post
Topic
Board Trading Discussion
Re: I am Bullish On Bitcoin Despite Bear market
by
teosanru
on 24/12/2022, 15:44:11 UTC
Hi guys I am no expert but according to me GUYS, I'm very Bullish for BTC coz, BTC is forming a Falling wedge and its a huge huge Wedge, when it'll break, BTC will pump hard but,
before that understand this Falling Wedge Bottom is nearly 14k$ & in worst case we can see wick to 10 - 12k,
but 14 - 13k is best best best time to BUY buy buy Alts and BTC ⏳ (keep going on your DCA)
& Next Elliot 5th wave will be huge 🔥⏳
I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.
Here is chart that I am giving technical knowledge.

Nice analysis to be honest, only thing is that as far as I know the Elliott Wave Theory. The 5th wave no matter how bullish you expect this to be it'll definitely not cross the 3rd wave height so according to the chart the max that we can see even in the 5th wave is 17-18k region because that's the max height of the 3rd wave so it'll definitely not go beyond that. So Atleast in this wave Pattern bitcoin isn't going anywhere above the 18k mark and after this you'll see ABC correction so, i am still bullish but will have to wait a lot to see results.