Bitcoin completing the ABC correction before another super pump
Updated
A few days ago I published a chart where I talked about the ABC correction that Bitcoin is making. Finally is taking longer than expected, but the levels remains exactly the same. Bitcoin needs to keep levels above 4600 to see another wave up, lower than 4500 means high danger. My overall plan still is the same, correction down and super wave up, the targets are not easy to guess yet but from 5800 to 6500 anything can happen. My experience tells me that whales will create a super fomo stage, it could even go to 6800.
If 4600-4800 don´t play out and the price get tanked, 3800 is a very likely target and from that point things could turned ugly. For now we have to pay attention special attention to the next drop. A break of the last high at around 5400 from 4600-4800 will be the confirmation of this analysis, and as I expect we will have wonderful bullish time, it could be around 2-3 weeks of pumps.
As I see this, the big money is still accumulating to execute a prompt distribution later above 6k so the game is not over yet. As always, I´ll be updating and sending signals to my Telegram group, by the way, Litecoin looks awesome, 3 digits are coming soon :)
If 4600-4800 don´t play out and the price get tanked, 3800 is a very likely target and from that point things could turned ugly. For now we have to pay attention special attention to the next drop. A break of the last high at around 5400 from 4600-4800 will be the confirmation of this analysis, and as I expect we will have wonderful bullish time, it could be around 2-3 weeks of pumps.
As I see this, the big money is still accumulating to execute a prompt distribution later above 6k so the game is not over yet. As always, I´ll be updating and sending signals to my Telegram group, by the way, Litecoin looks awesome, 3 digits are coming soon :)
Note
Although the market got stopped at 4950, the price should start declining again later today. If we break 5200 chances are that the low is already set and we are going to continue the rally, that´s is the less probably scenario at this moment thoNote
So finally the 5200 level is broken again and there are chances to see 6k. I won’t be entering long tho, if you are not sure about what to do you better stay away and wait.
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