5th wave of bitcoin has just started
Okay, lets keep it to the facts, I don't mind about other TA specialists and if they are wrong or not.
This chart gives me the indication that we're forming an elliotwave and 1-4 waves are finished.
The fifth wave might end between 8400 and 8800, then I'm expecting a retracement.
To be honest I don't really think we will see bitcoin below 6000 again, not even 7000.
Bitcoin is quite hard to analyse well as you have seen with my colleague analysts.
I'm trying to be as objective as possible, let's see what will happen.
A lot of alt coins went up quite well, some of them are even 50% higher than their lowest point after bitcoins lowest point of this retracement.
I think they might fall back a little bit because people will step out of them to go back into usdt or bitcoin.
Only the prices are partly predictable, the time when bitcoin will retrace to it's abc is not predictable because of the short and long options, big players and we are trading in crypto, everything is possible.
The last wave of ABC might end at 7600, from there we can see a new period in which Bitcoin will reach a new ATH ;-)
Let's see where we will end ;)
All the best,
This chart gives me the indication that we're forming an elliotwave and 1-4 waves are finished.
The fifth wave might end between 8400 and 8800, then I'm expecting a retracement.
To be honest I don't really think we will see bitcoin below 6000 again, not even 7000.
Bitcoin is quite hard to analyse well as you have seen with my colleague analysts.
I'm trying to be as objective as possible, let's see what will happen.
A lot of alt coins went up quite well, some of them are even 50% higher than their lowest point after bitcoins lowest point of this retracement.
I think they might fall back a little bit because people will step out of them to go back into usdt or bitcoin.
Only the prices are partly predictable, the time when bitcoin will retrace to it's abc is not predictable because of the short and long options, big players and we are trading in crypto, everything is possible.
The last wave of ABC might end at 7600, from there we can see a new period in which Bitcoin will reach a new ATH ;-)
Let's see where we will end ;)
All the best,
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