Bitcoin $6200-$6500 HEAVY RESISTANCE
Well, Here we are, after months of expecting this B wave to bring us to the $5400 area, we are extremely surprised and quite excited to see all this momentum in the Bitcoin space. I assumed getting this high would be unlikely, but, its a fresh reminder as to why we never want to underestimate this space. Its also why we have recommended that exposure to this asset class is a must. I do expect a retracement on the final part of this C wave to around the $4200 area again. Yet, knowing how crazy and irrational this space can be, we might just continue higher and higher, its not out of the question, it a low probability, but in the trading world, we live by the rule, 0% certainty, anything is possible.
So does Bitocin surprise us by continuing and actually confirming a bull market, or are we sitting in a Big bull trap.
We love to hear your thoughts, We are always students and learning so your insight is welcomed and encouraged!
So does Bitocin surprise us by continuing and actually confirming a bull market, or are we sitting in a Big bull trap.
We love to hear your thoughts, We are always students and learning so your insight is welcomed and encouraged!
Arcane Bear Founder- Tijo
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Join our private community of professional traders and investors :==>> arcanebear.com/private
youtube.com/arcanebear
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