$BTC ๐ - ๐จMarket Update๐จ - 08/29/2022:
๐ As anticipated, #Bitcoin
performed a #Wychoff
#Accumulation
cycle over the weekend. Of the which, simultaneously completed our Wave 5, in black, of the Minor #ElliottWave
degree.
๐ Combining both concepts of Wave 5 from ElliottWave and Wchyoff's Accumulation schematic, I have even more reassurance to place various #BuyOrders
at different (discounted) price points over the weekend.
๐ In my opinion, I anticipate Bitcoin (as well as $ETH
) to complete a #bullish
ABC correction upwards towards the #GoldenZone
, range of $23,026.89 to $22,359.54, before reversing and starting Wave (3), in blue, of the Intermediate #ElliottWave
degree.
๐ Furthermore, as you can see by the "x3๐" on the chart. The Golden Zone serves as an excellent point of interest for institutional investors/traders because it is situated directly above sell-side liqudity (collection of stop losses waiting to be hit to introduce more money into the market and take out unsuspecting retail sellers).
๐ To View or Save My Chart:
#possabilities
#longterm
#buildandgrow
#invest
#invest
#buythedip
#staystrong
#accumulation
#evs
๐ As anticipated, #Bitcoin
performed a #Wychoff
#Accumulation
cycle over the weekend. Of the which, simultaneously completed our Wave 5, in black, of the Minor #ElliottWave
degree.
๐ Combining both concepts of Wave 5 from ElliottWave and Wchyoff's Accumulation schematic, I have even more reassurance to place various #BuyOrders
at different (discounted) price points over the weekend.
๐ In my opinion, I anticipate Bitcoin (as well as $ETH
) to complete a #bullish
ABC correction upwards towards the #GoldenZone
, range of $23,026.89 to $22,359.54, before reversing and starting Wave (3), in blue, of the Intermediate #ElliottWave
degree.
๐ Furthermore, as you can see by the "x3๐" on the chart. The Golden Zone serves as an excellent point of interest for institutional investors/traders because it is situated directly above sell-side liqudity (collection of stop losses waiting to be hit to introduce more money into the market and take out unsuspecting retail sellers).
๐ To View or Save My Chart:
#possabilities
#longterm
#buildandgrow
#invest
#invest
#buythedip
#staystrong
#accumulation
#evs