Alternative scenario is on the track?
After the scenario in my last posted idea was invalidated, there are only three scenarios left in my book.
1.The bottom is in, we're now in wave 1 of big wave 5. This one is the least possible case IMO.
2.The big wave 4 is not finished yet, we're now just finished sub-wave 2 of wave 5 of C. This one looks weird to me, but I'll try to recount it again.
3.(The chart above) The big wave 4 is not finished yet, we're now heading to finish wave 4 of C. This one is the most likely case to me at the moment.
The reasons behind this scenario are basically the same as my last posted idea, such as a fake double bottom. Plus, market makers can grab some liquidity around the 50k range and also open their shorts there.
I mainly based this scenario from serkangulec thanks to him.
This idea is not financial advice. Always do your own research.
1.The bottom is in, we're now in wave 1 of big wave 5. This one is the least possible case IMO.
2.The big wave 4 is not finished yet, we're now just finished sub-wave 2 of wave 5 of C. This one looks weird to me, but I'll try to recount it again.
3.(The chart above) The big wave 4 is not finished yet, we're now heading to finish wave 4 of C. This one is the most likely case to me at the moment.
The reasons behind this scenario are basically the same as my last posted idea, such as a fake double bottom. Plus, market makers can grab some liquidity around the 50k range and also open their shorts there.
I mainly based this scenario from serkangulec thanks to him.
This idea is not financial advice. Always do your own research.
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