Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: I think Bottom is gone
by
Eternad
on 14/01/2023, 12:59:26 UTC
⭐ Merited by The Sceptical Chymist (3)
Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

You’ve got a really nice drawing for the Elliot wave cycle. I knew that the adrenaline due to the hype makes you become optimistic like this. You maybe right or wrong about this but this kind of impulse pump usually end to a sharp down which the Elliot wave usually didn’t occur on this scenario.

There’s no expert that can predict what’s gonna happened because there’s always 2 possible scenarios that can happened. One is a double top and the other one is what you are predicting. I really that your chart will happened as better preparation for the upcoming Bitcoin halving next year. It will be good if the market is on the positive side when this big happened for greater chance to hit new ATH.