The answer is that it's probably not bullish enough.
For now, the accumulation phase has ended. It was good while it lasted for those latecomers who wanted a fair shot. Not for those who bought at the top with no conviction.
Be careful out there and check my last post for the short term wave structure out of the bottoming pattern on BTC.
- Bullish divergence on the MACD
- Bullish divergence on the RSI
- Looking suspiciously like the END of a boring W4 correction
- W5 corrections are usually the steepest
- Most of my models point to major volatility after March, but there may be upside in BTC into the summer?
For now, the accumulation phase has ended. It was good while it lasted for those latecomers who wanted a fair shot. Not for those who bought at the top with no conviction.
Be careful out there and check my last post for the short term wave structure out of the bottoming pattern on BTC.
Comment:
EDIT: "w5 corrections" should read "w5 impulses"
