We are in a decision zone now with 2 possibilities, either we are in an impulsive wave and could therefore continue higher
or
we are in a complex WXY correction and need to see again a 3 waves decline first before we resume to the upside, in which case could last till september.
FIW - Long term this still remains bullish, so, for Hodlers out there (myself included), just keep it and buy in on every dip.
or
we are in a complex WXY correction and need to see again a 3 waves decline first before we resume to the upside, in which case could last till september.
FIW - Long term this still remains bullish, so, for Hodlers out there (myself included), just keep it and buy in on every dip.
Note
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Note
Bitcoin - Looks like we might be in a triangle correction here for a wave (iv), so, could see one more push higher
Note
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We got wave ((a)) and are currently in wave ((b)) which might seem to be coming to an end here so then we'll go sharply lower.But if this corrective wave isn't over, I wouldn't be surprised to see price go back up again just as quickly as it's falling.
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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.