Is the bearish market of BTC about to end? Elliott waves

26 ส.ค. 2018

Since 2011, uptrend started supporting BTC prices. Also, Elliott waves can be noticed clearly, the current cycle of BTC prices shows that the Bearish market is about to end soon when the price reach Monthly trend.

for clear sight, BTC has experienced 2 prices cycles, the first one ended at the end of 2013, which caused a bad crash of the prices going down from 1140$ to 150$.
since then, a new cycle of prices has started leading the price to touch 20000$ when its bullish market finished, then the bearish market started squeezing prices so hard.
Elliott waves tell us that the price now is at the last round of Bearish Market reaching the last secondary wave (C5) of the last wave of bearish market (C)
I think the bearish market will end once the price goes to the support area that exists near of Monthly uptrend (about 4200-4000$).

25 ก.ย. 2018

บันทึก

now, we can say that we are at the last round of bear market.
since 5800-6000$ level has kept price of BTC away of monthly trend, and the momentum of bears is nearly out, so we may don't experience 4000$ levels.

for now the last wave could target the area between 5200-6000$ as I expect before the downtrend ends.

the downtrend may finished before the mid of this October

lets hope :)

good luck for everybody.