Masterluc thinks it's over.
Well, so the present drop ends somewhere in the red circle.
So, the price hit somewhere close to 61.7% Fibonacci of the entire growth from 150 to 19800.
You know what it means? That the Third
(wave?) is completed and we became its witnesses =) For this, congratulations to you.
What's next? Next is the Fourth (going on now). And then the Fifth somewhere in the area of 100k.
The current drop will bounce back very well into the area of 13,000-15,000 in the short term, where those who bought up on my advice will be able to sell off, but have already managed to curse everything and wet the diapers. Bleed there, because it is not for you.
The critical level at 7700 does not really matter anymore, because I see that the wave is over.
Well, here's my idea for trading watching
https://ru.tradingview.com/chart/BTCUSD/hg0S8xjw-historical-3-looks-to-be-completed/He seems to have a glaring error in his count. If the historical 3 is over and the historical 5 will go near the top trendline, then his historical 3 will be the shortest wave in height. His 3 would need to be a (3) for his count to make sense.
With all due respect for luc's remarkable track record over the years, he didn't exactly nail the market during the last ~3 months, right?
Approaching the 20k ATH, he repeatedly mentioned a (more or less) resistance-free path to 40k as the most likely scenario. After the ATH, he (correctly) predicted a steeper correction than many anticipated initially, but again: his most frequently mentioned scenario was staying above 10k as part of that correction. More recently, he talked about "three options", i.e. long-term scenarios, one of which saw price go to the current levels. But the way I understood him, this was supposed to be a sort of flash crash, since he's been advising to buy below 10k until last week or so.
I don't want to sound too dismissive: he's definitely worth following and reading, as always. I just increasingly get the feeling he's hedging his bets in the way he writes his predictions.
