$BTC I will continue the topic with an explanation for those who do not yet read between the lines and those who have already caught the surface 😎
For those who are not in the loop, I am referring to the previous post 👇
According to the Elliott wave five-wave system, there are two possible scenarios.
1. We are currently in the fourth corrective wave (see fig. 1), and if it does not exceed the peak of the first wave, it will remain the fourth corrective wave with a target of $160,000±, leading to the fifth wave.
2. We are currently in a Bear Market (see fig. 2), and if the corrective wave exceeds the peak of the third wave, which is around $73,000, it will confirm that we are in a Bear Market. This means there is no point in holding assets further, as the correction in a Bear Market should touch the peak of the first wave. It would be better to sell at $72,000 and buy back at $32,000 ideally, starting from $36,000. In other words, you can also make money in a Bear Market; in this case, you could double your investment!
This is not financial advice, but a topic for reflection. Analyze it yourself, and share your thoughts in the comments 👇
For those who are not in the loop, I am referring to the previous post 👇
According to the Elliott wave five-wave system, there are two possible scenarios.
1. We are currently in the fourth corrective wave (see fig. 1), and if it does not exceed the peak of the first wave, it will remain the fourth corrective wave with a target of $160,000±, leading to the fifth wave.
2. We are currently in a Bear Market (see fig. 2), and if the corrective wave exceeds the peak of the third wave, which is around $73,000, it will confirm that we are in a Bear Market. This means there is no point in holding assets further, as the correction in a Bear Market should touch the peak of the first wave. It would be better to sell at $72,000 and buy back at $32,000 ideally, starting from $36,000. In other words, you can also make money in a Bear Market; in this case, you could double your investment!
This is not financial advice, but a topic for reflection. Analyze it yourself, and share your thoughts in the comments 👇
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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