This BTC/DIP will not be the last one in the accumulation period
As I did mention in the last idea about the difference of this dip, the price can bounce again but I can not trust the accumulation completed.
It will be not easy for BTC to get a new peak. The general market including cryptocurrency will be affected again when FED comes to announce any new moves in March or later.
Therefore, I am imagining re-distribution and also re-accumulation phases in a whole year. This idea is quite common, particularly in contracting triangles, for wave B to exceed the start of wave A in what may be termed a running triangle in Elliott Wave theory.
Let's see what happens in the next moves.
NFA
It will be not easy for BTC to get a new peak. The general market including cryptocurrency will be affected again when FED comes to announce any new moves in March or later.
Therefore, I am imagining re-distribution and also re-accumulation phases in a whole year. This idea is quite common, particularly in contracting triangles, for wave B to exceed the start of wave A in what may be termed a running triangle in Elliott Wave theory.
Let's see what happens in the next moves.
NFA
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