It looks like Bitcoin is forming a wedge / ending diagonal, this is possible only in 5th wave , is Bitcoin finishing it's rally? Not really, we did not reached the demand zone, $6500 area. At this moment, everybody is watching crypto, bitcoin went from $3k to $6k, investors will look @ Bitcoin, retailers will look at Bitcoin. An imminent correction is coming, I...
There are a lot of confluence factors to short Bitcoin at this level, I don't know what you guy are doing but I know that algo's are selling for sure around this level. Btc shorts is super high at this level, it seems that a lot of people are seeing the same thing, bitcoin is rising but doesn't have fuel to go more up, it needs a healthy correction before any...
It seems that Bitcoin is forming a regular ABC correction, it tried so hard to close above $5300 area but this is a very strong resistance so far for the last 2 weeks, so we are expecting a correction. BTC shorts increased up to 14%, everybody seeing the same pattern, bearish wage, ABC correction. If there will be no positive news, a correction is imminent . Stay safe!
#xrparmy will come and play this setup 100%, they are already buying xrp. This is can be the bottom of wave 2, whoever is buying from here to 5600 satoshi will make nice $$. I know I've bought some xrp at this level. Remeber, this is a long term play, not going to up at the previous high overnight, let it play 1month or 2.
Good luck!
