Road to 100k. Bitcoin is showing every sign of bullishness. This is exactly what we needed currently. Bitcoin is forming a C wave and almost done completing its Macro 4th wave. I'm sure this has been an emotional ride for noobies in the crypto world especially the ones who bought at the end of the 3rd wave. Not to fear space cadets. Once this C wave comes to fruition, we will be on our way. We will most likely get an extended macro 5th wave to 100k I say that because the 3rd wave only hit a .618. we will slow down around 84k to put in the 4th wave of the extended 5th. Around that time would be a good time to skim off some profits. However since we aren't out of the woods yet, we need to stay above the A wave. If we break that it wouldn't be too positive but doesn't mean invalidated. However if we keep breaking down then clear invalidation at 28-30k. I highly doubt we would break that low but this is crypto. Cheers to the hodlers that have stuck with bitcoin since 2017. This summer is going to be a wild ride ;)
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.