The Trap of Bitcoin 5, Settling dust...
Hey guys welcome for a fresh crypto update
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A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :)
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Ok so now from the beginning
I made my first claim almost 10 months ago on May 17th 2019 and said that this rally is going to 13500 and than a major drop towards 1100$
here's the published Idea...
as expected most of the people didn't support this theory, but prices hit exactly the level i've given
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I stick to my theory and published another Idea on 13th of July 2019 explaining the complete 10yrs Elliot wave cycle of Bitcoin, and tried to explain how the prices could drop significantly lower to 1100$ and why?
here's that update...
this are one of the most Iconic works on Bitcoin you'll ever found anywhere, but still its so unrecognizable by most of traders, so we heartily need your support to spread this knowledge and supporting us.
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Now after a very long accumulation period things started to get more confusing for me, even I started to think that the above ideas are now invalidated and prices could take out previous highs in 2020, obviously we all are human, made with emotions and born without vision of future.
This sudden and massive drop in prices has again now increased the possibility of above scenario, so its necessary that we start to be prepared for the worst, as what charts are saying us.
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Now in the Top chart i've mentioned the key levels and focused on the bigger picture which indicates for prices to drop lower upto 1100 level in coming days, right now bulls are trying to protect the 200 weekly ma and the long term Parabola and most likely we are now moving in a larger wave C.
--------------------------------------------------------
Here in above charts i've tried to explain every aspect and a possible outcome from this scenario, but will keep this idea updated with price action.
--------------------------------------------------------
This is the final update on The Trap series, closing this here, thanks all for your support.
--------------------------------------------------------
Thanks for reading...
For further inquiries or questions dm or comment below
--------------------------------------------------------
this is Husain Zabir, signing out
Thankyou...
--------------------------------------------------------
A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :)
--------------------------------------------------------
Ok so now from the beginning
I made my first claim almost 10 months ago on May 17th 2019 and said that this rally is going to 13500 and than a major drop towards 1100$
here's the published Idea...
as expected most of the people didn't support this theory, but prices hit exactly the level i've given
--------------------------------------------------------
I stick to my theory and published another Idea on 13th of July 2019 explaining the complete 10yrs Elliot wave cycle of Bitcoin, and tried to explain how the prices could drop significantly lower to 1100$ and why?
here's that update...
this are one of the most Iconic works on Bitcoin you'll ever found anywhere, but still its so unrecognizable by most of traders, so we heartily need your support to spread this knowledge and supporting us.
--------------------------------------------------------
Now after a very long accumulation period things started to get more confusing for me, even I started to think that the above ideas are now invalidated and prices could take out previous highs in 2020, obviously we all are human, made with emotions and born without vision of future.
This sudden and massive drop in prices has again now increased the possibility of above scenario, so its necessary that we start to be prepared for the worst, as what charts are saying us.
--------------------------------------------------------
Now in the Top chart i've mentioned the key levels and focused on the bigger picture which indicates for prices to drop lower upto 1100 level in coming days, right now bulls are trying to protect the 200 weekly ma and the long term Parabola and most likely we are now moving in a larger wave C.
--------------------------------------------------------
Here in above charts i've tried to explain every aspect and a possible outcome from this scenario, but will keep this idea updated with price action.
--------------------------------------------------------
This is the final update on The Trap series, closing this here, thanks all for your support.
--------------------------------------------------------
Thanks for reading...
For further inquiries or questions dm or comment below
--------------------------------------------------------
this is Husain Zabir, signing out
Thankyou...
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