For BTC I believe we have ended our Major Wave 4 correction. Hence i believe we are currently in our Major Wave 5 to the upside. Within the Major Wave 5 we are currently in its Wave 3. Within the mentioned Wave 3 we are currently in its Wave 2 which seems to be unfolding as a diagonal. Within the diagonal we have completed its Leg A,B,C and D, and are currently in the midst of completing its Leg E before we see a small dip followed by another major push to the upside. I believe we may see Leg E complete somewhere around the 50,000$ mark before we see the small dip followed by the push up. For more short to medium term traders i believe as and when prices reaches the 50,000$ area i would be looking to close my buy trades wait for the dip and buy again. If you are a swing trader now is the best time to get in a buy and let it ride the wave up. For BTC i believe we will be breaking all highs and going even further up for the medium to long term. Good Luck
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.