Is the top in on Bitcoin?
Not for me. I'd need to see a substantial drop of around 20-25% to begin with before I expected a deeper sell-off. Just looking at the wave formation here says it still looks like 4th of the 5th is the most likely place in the count. Even what might be scary looking spikes down are bought up quite strongly, at least for now.
A decent move down in the weekly oscillators while remaining at least above the 38% retracement of wave 3 of 5 would look ripe for another blow off top out before a more substantial sell off would be expected for the end of this cycle and a return to favourable conditions for dollar cost averaging.
A decent move down in the weekly oscillators while remaining at least above the 38% retracement of wave 3 of 5 would look ripe for another blow off top out before a more substantial sell off would be expected for the end of this cycle and a return to favourable conditions for dollar cost averaging.
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