BTC Winter Soldier Edition.
Updated
Trade how you want to trade. This is just how I see the situation in the long term. I suggest you don't get caught up zoomed in because in the end none of that actually matters.
I believe the BTC bull cycle is about to run out of steam and I believe we are in for another multi year correction that will be fantastic to trade for the people who want to do that, I don't, there will be plenty of opportunity short and long all the way down to our monthly wave 4 and then a lovely long all the way to the $100,000 holy grail. I also believe this is the final gut check because once we break that $100,000 I think the average person will be priced out of this asset.
Wait for the clear signs that the curve at the monthly 4 is in sometime in early 2024, keep an eye on the mining difficulty charts and when they seriously spike again you will know when to go long (just compare how it was last time if you are unsure).
Don't be that guy holding the bag up here praying. Take your profits and go enjoy life for a couple years like I just did post 2017's top.
See ya'll in 2024.
PS: To anyone of you from the old Crypto Club, I think about you all often. I hope you are doing well. -CC.
I believe the BTC bull cycle is about to run out of steam and I believe we are in for another multi year correction that will be fantastic to trade for the people who want to do that, I don't, there will be plenty of opportunity short and long all the way down to our monthly wave 4 and then a lovely long all the way to the $100,000 holy grail. I also believe this is the final gut check because once we break that $100,000 I think the average person will be priced out of this asset.
Wait for the clear signs that the curve at the monthly 4 is in sometime in early 2024, keep an eye on the mining difficulty charts and when they seriously spike again you will know when to go long (just compare how it was last time if you are unsure).
Don't be that guy holding the bag up here praying. Take your profits and go enjoy life for a couple years like I just did post 2017's top.
See ya'll in 2024.
PS: To anyone of you from the old Crypto Club, I think about you all often. I hope you are doing well. -CC.
Note
Y'all still don't want to hear or? (-:Note
Almost a month since I posted this Winter Soldier Edition I'm going to give you a more specific look at what I believe is going on here long term, including my suspected consolidation zone that I expect to last until mid-to-late 2023.Someone might say "4 cannot trade into the zone of 1 for correct Elliot Wave" and they would generally be correct, with that said it can and absolutely has previously wicked down into these zones and you should be aware that can happen.
As always, trade however you want to trade, this is just what I'm seeing and what I'm doing in terms of BTC.
Trade closed: target reached
Successfully called 58.8k to 28k (25k was my 4, I think this is close enough to be fair) on this chart, I'm still active in the trade but I'm doing so via my monthly update linked below so follow that chart instead.Going to manually close this just to make keeping track of things easier.
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