BTCUSD ~ Correction Continuation Incoming (high probability)
Updated
After ETH hit a new ATH and BTC didnt even budge, I think what we are looking at is a setup for a major market correction, after which we will see new ATH's across the board in a massive and unprecedented pumps that will take the overall crypto markets to new levels.
We have been expecting BTC to retouch its weekly support MA's for a long time, and it hasnt. Meanwhile those MA's are catching up, but they are still in the 40k's zone.
A healthy correction down to 10W and possibly even 20W MA would setup the entire crypto markets for a very healthy extended bullrun; especially given ETH and ERC-20 tokens recent pump to new ATHs and recovery levels.
Get your long pants ready in the coming days/weeks!
We have been expecting BTC to retouch its weekly support MA's for a long time, and it hasnt. Meanwhile those MA's are catching up, but they are still in the 40k's zone.
A healthy correction down to 10W and possibly even 20W MA would setup the entire crypto markets for a very healthy extended bullrun; especially given ETH and ERC-20 tokens recent pump to new ATHs and recovery levels.
Get your long pants ready in the coming days/weeks!
Comment
price started dumping just half an hour after posting this, so it does look like we have momentum towards a final correction --- but lets wait and see!get your bags and orderbooks ready, this might be a bloodbath (and best last chance to buy some of these coins at these prices for a long time to come!)
Comment
As expected - now its May 13th and we've hit the 10W MA.Still possible to drop to the 20W MA, so get your money bags and buy orders setup!
Might have already missed the best buy drop wicks, but typically when we wick down like that, we revisit the same area as the wick down.
So, I am fairly confident (and hoping) we at least drop down to 45k again.
BUY BUY BUY!
Microstrategy just bought another 15M yesterday, and TESLA keeps buying even though they "announced bitcoin is too environmentally unfriendly for payments" (total BS, actually) - but they are still not selling any BTC and still buying more for their balance books.
(Basically the US govt which subsidizes TESLA and keeps the company alive with energy credits - yelled at Elon for using bitcoin as payment - and he backed off because his company would collapse without US govt energy subsidies)
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