BitcoinLong
BTC: Lost in wave 4
Hi all,
From the reaction we got at 3.5k it looks like we may be forming a corrective triangle, suggesting we're in the 4th wave of Bitcoin's super cycle.
As suggested by the chart, I am currently expecting a double top up at 10.5k, followed by a final corrective E wave. Remember E waves can be somewhat unpredictable until we can see how they are forming, so we may not see as low as 3k again.
As soon as we break the upper bound of the triangle following that final E wave, I'll be long-term long for a wave 5 to 30k++.
Thanks :)
From the reaction we got at 3.5k it looks like we may be forming a corrective triangle, suggesting we're in the 4th wave of Bitcoin's super cycle.
As suggested by the chart, I am currently expecting a double top up at 10.5k, followed by a final corrective E wave. Remember E waves can be somewhat unpredictable until we can see how they are forming, so we may not see as low as 3k again.
As soon as we break the upper bound of the triangle following that final E wave, I'll be long-term long for a wave 5 to 30k++.
Thanks :)
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.
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.