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At which point we will have a new 2-Day and 3-Day candle. I will follow up with a much shorter video to emphasize a couple of things. With perpetual swaps hitting very high levels in funding rates. It's singling to the market high probability pullback may happen soon. Binance and OKEX are trying to frontrun the market by shorting earlier.
Market wont dump until most retail that is already short is not cleared out of the way. Likewise a chance of a leg up to wipe out degen short traders is We waited and waited and ended with no retrace after all.
As I mentioned before, all the retraces and corrections for Bitcoin have been non-existent in the past few months There is no difference this time around. We continue with our next targets. Thanks a lot for reading. Disclaimer: These are not trading signals. Trade at your own risk! It seems like it is currently forming a bullish flag consolidation pattern. Let's see if the price can pullback to test the level once more to complete the pattern.
A next leg higher is expected after the consolidation phase is done! Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing combined with a weak dollar.
Videos only. Simply a Brief Discussion to Provide an Announcement Elliot Waves Complete Guide Chapter 3. Bitcoin, Jumps Above Here's why. Bitcoin, No Retrace After All?