Bitcoin is yet trying to make another reversal pattern, and last time I saw a reversal we were in this price area too but I was thinking the wedge is going to take us to the top of it so I predicted 10k but we got retraced to the start of the run so what I think might be going is this is might be a big bull run and we jut got wave 2 which can retrace 100% of wave 1 and wave 3 should be the biggest impulse but I personally don't think the big wave 3 will come, there will be another rally but not that big of impulse but as we are making a reversal pattern now we should first see how strong pumps will be to see where the market can take us.
With the news we have on ETF we can understand that chances of passing are not great so more fiat money entering the market to get us to new peaks does not seem realistic now however the technical probability in the last cycle when we saw similar reversal pattern and bullish signals on our indicators such as green waves coming back to the market on EWO and the market is oversold in 1d graph.
Below are linked trading ideas of altcoins which I think might be leading the next bull market. Coins to hodl long term : ADA, XLM, STRATIS, NEO, Monaco, XRP (these are my favourite alts the next run)
Good Luck, traders! #moon #mooncommunity
With the news we have on ETF we can understand that chances of passing are not great so more fiat money entering the market to get us to new peaks does not seem realistic now however the technical probability in the last cycle when we saw similar reversal pattern and bullish signals on our indicators such as green waves coming back to the market on EWO and the market is oversold in 1d graph.
Below are linked trading ideas of altcoins which I think might be leading the next bull market. Coins to hodl long term : ADA, XLM, STRATIS, NEO, Monaco, XRP (these are my favourite alts the next run)
Good Luck, traders! #moon #mooncommunity
Comment:
But we should also keep in mind that the falling wedge still has a room for downward movement till 5600-5700 area
