Final BTC Fall Upon Us?!
Updated
Student of the game here! Lets get right into thisss!!
Decision time for BTC again.
Comparison from 2014 was at about a 20% drop after the pop(see video) which guides us on a potential buy price now.
Why is this good?
-This lets us test that down trend line that has been going on from the massive December BTC run.
-If we manage to maintain above it then we can start becoming more bullish mid term.
-Short term, I have set a buy range for myself in the video where I can enter safely from the A wave then look to profit at the B wave.
How are your strategies changing from the recent charts?
Are you prepping for the long run yet?
Do you buy into the sudden jump of BTC to cause a bull run or are you waiting to see whales play us again?!
LEAVE THE LIKE! I LIKE THE LIKE! Happy trading :)
Decision time for BTC again.
Comparison from 2014 was at about a 20% drop after the pop(see video) which guides us on a potential buy price now.
Why is this good?
-This lets us test that down trend line that has been going on from the massive December BTC run.
-If we manage to maintain above it then we can start becoming more bullish mid term.
-Short term, I have set a buy range for myself in the video where I can enter safely from the A wave then look to profit at the B wave.
How are your strategies changing from the recent charts?
Are you prepping for the long run yet?
Do you buy into the sudden jump of BTC to cause a bull run or are you waiting to see whales play us again?!
LEAVE THE LIKE! I LIKE THE LIKE! Happy trading :)
Note
Exciting times!!I am turning more and more bullish the more that BTC pumps up even with the RSI in overbought territories. If we can maintain above 9600 and create support then I will have changed my conclusion and plan of attack entirely.
Note: Even if whales start this entire thing with a pump, it could result in traders coming in and creating supports beyond just whale pumps. The more traders come aboard, the more we get on the bulls side. Also remember, BTC just like any other asset does not go up forever....we will be due for an ABC correction soon. This is where I would be looking to get in once we get to that point as it seems we are ending an extension of EW 5. Once it corrects and how much it does so...we can determine how bullish we really are short term :)
Note
Looks like an ABC in progress! Still in A it seems at 89 but lets seeeHang tight guys. I would want to see how this plays out downwards then get in instead of jumping in at the first drop.
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