My main EW-count has not been invalidated yet despite it is true we have had a terrific past week.
The EMA-200 in the 4 hour charts seems to hold strongly the drop but what I really like is the fact that previous lows have formed an interesting divergence with the RSI oscillator.
In my opinion, the 4th corrective wave has been finished and we are entering on another upwards one which can bring BITCOIN again towards 64K in a glimpse of eyes.
Nonetheless, the path we have in front of us will have many dumps in the middle while some whales will want to take some profits.
Remember that 30 to 35% corrections in a Bull market are very common but always have been followed by a more powerful rise later.
Fireworks can appear at any time soon IMO.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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Looking forward to that fireworks! What would be your prediction for the top of wave 5? Or is that something that's impossible to guesstimate?
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Let's complete this cycle at 64K then correction and I would bet for 150K by the end of the summer
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That sounds like a great price to me!
Are you planning to take any profits along the way up? And/or are you investing more?
No profits at this point.
Just adding to my position.
I have been taking "shit coin" profits to load up on BTC
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That needs to be said once in a while so the plebs won't sell their coins cheap.
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Wave C can never be three waves unless in a triangle. You didn't draw it like a triangle, so this count is just invalid.
I thought you wanted to learn, but I guess you are just trolling people who view your posts...
Yes master, keep teaching us with your wisdom...