Summary:
-Likely to sell down back to the weekly trendline in the near-mid term
-Path follows an ascending diametric triangle, as it is defined by (Neo) Wave Theory
-Chose this path because it is the same underlying pattern as that of today's stock market
-Fib projections align well with the first massive move up in 2017
-If it does not bounce off of the weekly trendline for a significant low, it is likely that Bitcoin will not make its move to 100k
-Best believe some other coin will if it does not
General Strategy:
-I'm going to follow this map until there's a 5% divergence from the projected path
-So, shorting it now, picking it back up around November 2021, picking up the Alts in December-January
-I will hold everything crypto-related until the end of the pattern in late 2023 or get stopped by busted divergence threshold
-Patient initial entry at the lower trendline is a high probability trade, if it makes it there
-Sinking 5k into 3-4 sub-penny altcoins shortly after the BTC entry is essentially arbitrage, so will be doing that too
Let's see.
BITBAY:BTCUSDT
BTCUSD
BTCEUR
BTCUSD.P
TOTAL
-Likely to sell down back to the weekly trendline in the near-mid term
-Path follows an ascending diametric triangle, as it is defined by (Neo) Wave Theory
-Chose this path because it is the same underlying pattern as that of today's stock market
-Fib projections align well with the first massive move up in 2017
-If it does not bounce off of the weekly trendline for a significant low, it is likely that Bitcoin will not make its move to 100k
-Best believe some other coin will if it does not
General Strategy:
-I'm going to follow this map until there's a 5% divergence from the projected path
-So, shorting it now, picking it back up around November 2021, picking up the Alts in December-January
-I will hold everything crypto-related until the end of the pattern in late 2023 or get stopped by busted divergence threshold
-Patient initial entry at the lower trendline is a high probability trade, if it makes it there
-Sinking 5k into 3-4 sub-penny altcoins shortly after the BTC entry is essentially arbitrage, so will be doing that too
Let's see.
BITBAY:BTCUSDT
BTCUSD
BTCEUR
BTCUSD.P
TOTAL
