BitcoinLong
Bitcoin's big final blow off $100k+
Updated
Here we go again. The momentum surrounding Bitcoin is palpable. It's teetering on the brink of setting a new unprecedented high. 100K bitcoin no longer sounds like a speculative dream but a near certainty. Higher fib extensions are also on the table. $200,000 bitcoin is not far fetched.
However a note of caution is warranted. If we are on the 5th and final wave of a massive 5 wave pattern, we will be followed by a substantial correction. Historical patterns in cryptocurrency show these massive corrections are typically triggered by disruptive events, ranging from exit scams to network vulnerabilities. What this means is the challenge for investors will be to navigate this volatile peak. Realizing profits at the top of the market could become complex, with liquidity constraints and slippage posing significant risks. In other words, don't get caught with your pants down. Take profits as your targets are reached.
However a note of caution is warranted. If we are on the 5th and final wave of a massive 5 wave pattern, we will be followed by a substantial correction. Historical patterns in cryptocurrency show these massive corrections are typically triggered by disruptive events, ranging from exit scams to network vulnerabilities. What this means is the challenge for investors will be to navigate this volatile peak. Realizing profits at the top of the market could become complex, with liquidity constraints and slippage posing significant risks. In other words, don't get caught with your pants down. Take profits as your targets are reached.
Trade active
Trade closed: target reached
Its done. Its all over. This is the top for the next 13 months. Sell and move out the way or get run over.Note
HERE WE GO!
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