Bitcoin / TetherUSLargo
BTCUSDT Overview - Dip is in or not?
Hi all,
The market gets boring and it's obvious that market maker steals our time. But this is a typical behavior in wave 4 of Elliott Wave Theory.
Typically, wave 2 represents a huge correction (fib: 0.618-0.705) in a short time whereas wave 4 represents a less correction (fib: 0.33-0.382) in a longer time period.
So based on this, we should be done with Wave 4 and I'm expecting the dip is already IN. We should go up soon or later and generate Wave 5 which will lead us to the Big Target.
Even the dip is not in, I would still expect first to hit the Target-1 and even Target-2 and then may be a lower dip appears at around 16-17K which would still not change my plan.
If all these are wrong, then I would expect longer accumulation through 2023 and in this long accumulation period, I will try to add more BTC with spot buy at 9-12K region.
Note: I'm getting more confident with the idea that dip is already in as everybody expects several lower dips!!!
These are my opinions. Please do your own analysis!
Cheers!
The market gets boring and it's obvious that market maker steals our time. But this is a typical behavior in wave 4 of Elliott Wave Theory.
Typically, wave 2 represents a huge correction (fib: 0.618-0.705) in a short time whereas wave 4 represents a less correction (fib: 0.33-0.382) in a longer time period.
So based on this, we should be done with Wave 4 and I'm expecting the dip is already IN. We should go up soon or later and generate Wave 5 which will lead us to the Big Target.
Even the dip is not in, I would still expect first to hit the Target-1 and even Target-2 and then may be a lower dip appears at around 16-17K which would still not change my plan.
If all these are wrong, then I would expect longer accumulation through 2023 and in this long accumulation period, I will try to add more BTC with spot buy at 9-12K region.
Note: I'm getting more confident with the idea that dip is already in as everybody expects several lower dips!!!
These are my opinions. Please do your own analysis!
Cheers!
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