It is not the bottom yet
Updated
I would not consider FOMO buying (especially with leverage hoping for lambo) at the moment (unless you are prepared to average it out lower).
I am thinking somewhat of the mentioned impulse wave structure at the time being, the sub-wave 4 might look like a double bottom breakout here which can trap many of the traders. Followed by out last impulse wave 5 thus completing the cycle.
Patience is the key here. We can go on in this zone for over a month before we visit the 25-26k area.
The projected waves can vary in price targets depending on the price action in future. But remember one thing in any trend. Its not over until the 5th of the 5th of the 5th of the 5th wave is not over.
I am thinking somewhat of the mentioned impulse wave structure at the time being, the sub-wave 4 might look like a double bottom breakout here which can trap many of the traders. Followed by out last impulse wave 5 thus completing the cycle.
Patience is the key here. We can go on in this zone for over a month before we visit the 25-26k area.
The projected waves can vary in price targets depending on the price action in future. But remember one thing in any trend. Its not over until the 5th of the 5th of the 5th of the 5th wave is not over.
Note
My 15 min intra-day wave breakdown for BTC looks something like this for time beingNote
Here is another structure consisting of WXY, (which looks more probable atm). We are in the last impulsive downward. Lets see how far this one goes.
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