5 waves move from 12 Mar '20 finished. Also we've got A and B waves of correction with 12345 structure. On daily chart we have 12345 structure and ABC correction formation. But on monthly chart Bitcoin seems like it came from nowhere to the moon. It got pumped when COVID-19 happened. Also it will be dumped back when it gone. In daily chart we're waiting for corrective wave C which normally hit price between 0.382 and 0.618 Fib Retracement levels. On BTC/USD this is 42000 level. After this one we might see another impulse to the moon. Will see. I bought it with 10x margin when it was 14000, but now here is nothing but sell. I will buy a little after C wave done. But we don't know who hard it can be pumped. Bitcoin overrated and you cannot make a new world currency out of it, while it can rise or drop for 10k in a weekend, so you can't seriously hold this and pray for lifetime raising. But Bitcoing is new generation. Something like gold, but not gold at all. I swear we will see new cryptocurrency which will change fiat money. But we need long years before it come.
Trade active:
42k
Trade closed: target reached:
30k hit. Wave C finished I think. Close your shorts.
