Bitcoin chart
Source: tradingview.com
The crypto-market is dominated by falls. The balance of this week is strongly negative.
The largest #cryptocurrencies only today lose a few percent, and in the top30 only two coins gain. The most important #Bitcoin is today at $ 4,200. The downward impulse resembles a 5-wave structure with the clearly longest third wave and the corrective second wave in the form of a flat correction. Currently, we can be in the fourth wave shaping, after which I expect another drop to around $ 3,500.
Only after the downward impulse is ended you can expect a correction (5 wave) up to about 5,000 USD and even higher.
The largest #cryptocurrencies only today lose a few percent, and in the top30 only two coins gain. The most important #Bitcoin is today at $ 4,200. The downward impulse resembles a 5-wave structure with the clearly longest third wave and the corrective second wave in the form of a flat correction. Currently, we can be in the fourth wave shaping, after which I expect another drop to around $ 3,500.
Only after the downward impulse is ended you can expect a correction (5 wave) up to about 5,000 USD and even higher.
My wallet address:
▶ Bitcoin: 1MBubGJpQkGieifNWt8TYQRHuoswFGrjj1
▶ Litecoin: LW4cdCHbiPyKYtFBVZAdUQkKBhNHU3TgcV
▶ Ethereum: 0x06B22dAB9dB5C9dDE283102B15cE75dDBED333c3