BTC next move med-long-term
Updated
first, let's talk about the last update short-term
image from the last update
the movement was more substantial than expected & it started to look less clean
now the scenarios are
1- the whole wave 2 is done and we are beginning with wave 3 from 5
2-the last update is still there & wave 2 is not done yet
IN BOTH SITUATIONS BE CAREFUL STRONG DUMP IS COMING SOONER OR LATER
as I said many times before we are forming wave 2 from 5 or maybe done & start to form wave 3 from 5
I think the real dump will start at the end of the month I think 19900 (the monthly support) won't hold and that will freak people out
I'm 95% on cash I have orders at different prices that will active around 16K
targets are shown in the charts
this scenario fails 100% above 25200
I will update If something bullish happens like incomplete wave 5 /means we don't break the last low or break it without momentum
this is just my idea and the way I'm investing I could be wrong so do your own research
image from the last update
the movement was more substantial than expected & it started to look less clean
now the scenarios are
1- the whole wave 2 is done and we are beginning with wave 3 from 5
2-the last update is still there & wave 2 is not done yet
IN BOTH SITUATIONS BE CAREFUL STRONG DUMP IS COMING SOONER OR LATER
- NOW LET'S TALK ABOUT THE MAIN CHART
as I said many times before we are forming wave 2 from 5 or maybe done & start to form wave 3 from 5
I think the real dump will start at the end of the month I think 19900 (the monthly support) won't hold and that will freak people out
I'm 95% on cash I have orders at different prices that will active around 16K
targets are shown in the charts
this scenario fails 100% above 25200
I will update If something bullish happens like incomplete wave 5 /means we don't break the last low or break it without momentum
this is just my idea and the way I'm investing I could be wrong so do your own research
Trade active
1- the whole wave 2 is done and we are beginning with wave 3 from 5Note
be careful trading tings will get worse from now BTC monthly candle could be strong red one & close under monthly support ~19900
Note
quick update for the best supports
Related publications
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.