Total market capitalization decline
1) Total market capitalization declined has confirmed. This is one more argument that the price action since December 2022 is a bear structure.
2) Right now, Bitcoin price has gone under the 2009 trend line. The single relatively safe entry point to i see on BTC for speculations is 38k. Due to massive SMA support there the pattern might be more complex than straight ABC structure.
3) 5 ways down is never the end of a structure, according to Elliot waves principle.
There are no certainties in the market, only probabilities, so the bearish scenario is invalidated if BTC price fixes above 74 thousand, within 2 days.
Find more morę arguments in previous postings.
Good luck in your trading and have a massive profit!
2) Right now, Bitcoin price has gone under the 2009 trend line. The single relatively safe entry point to i see on BTC for speculations is 38k. Due to massive SMA support there the pattern might be more complex than straight ABC structure.
3) 5 ways down is never the end of a structure, according to Elliot waves principle.
There are no certainties in the market, only probabilities, so the bearish scenario is invalidated if BTC price fixes above 74 thousand, within 2 days.
Find more morę arguments in previous postings.
Good luck in your trading and have a massive profit!
