Hello
BTC started to rise after it was rejected fro powerful support at 56,500, but this weak rise was not my first scenario. So if it goes true and this is wave 5 primary, we can expect a short rise and then BTC will go to so complex wave IV cycle.
For us, the scenario is to wait and see if BTC can break out that critical resistance ate 75,641 level.
Important notice: I do not have BTC in my wallet because I had to but it when its price was around 20k and I suggest you not to have it till BTC makes its main correction that has been planned.
I am not sure how BTC will correct and I never support those group insisting for 12 k USD price but I am pretty sure we will see a main correction.
There is another scenario that say BTC will make extensions and postpone this main correction I mentioned, but I do not know which scenario goes true so I do not have BTC ;))
Thanks
BTC started to rise after it was rejected fro powerful support at 56,500, but this weak rise was not my first scenario. So if it goes true and this is wave 5 primary, we can expect a short rise and then BTC will go to so complex wave IV cycle.
For us, the scenario is to wait and see if BTC can break out that critical resistance ate 75,641 level.
Important notice: I do not have BTC in my wallet because I had to but it when its price was around 20k and I suggest you not to have it till BTC makes its main correction that has been planned.
I am not sure how BTC will correct and I never support those group insisting for 12 k USD price but I am pretty sure we will see a main correction.
There is another scenario that say BTC will make extensions and postpone this main correction I mentioned, but I do not know which scenario goes true so I do not have BTC ;))
Thanks
Note
If it touches 65,513, so we are not in an impulse and we can expect deeper corrections.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.