BTC Has had a great run over the last few months. Even though we are in a bear market, traders who trade correct have been able to make great profits every month by entering and exiting at the right times and going against the market emotion.
We are now in a wave 4. BTC has completed its last 2 sets of 5 waves. If we are to make a 5th wave here $6512 is the level on the daily that needs to hold.
I am not sure really if it will hold here, for now i will not be entering.
we made over 100% profits last week with the run in BTC and a few ALTS so i d not think here is the time to gamble that away.
if it makes a 5th wave my plan is to jump on the back of the btc Run and do some bigger ALT trading.
We are still in a longer time frame pattern of lower highs and lower lows. That has not changed so my original analysis and strategy remains for now. Im still expecting Sub 6, Sub 5k.
FINAL NOTE.
Over all patterns of lower lows and lower highs. If your a long term holder only, wait for lower prices and don't FOMO.
If your trading, watch for $6512 to hold. If it falls through ill release the rest of my position i have been holding and look cheaper.
If it holds, i won't chase BTC here rather trade some ALTS that will run as BTC runs.
We are now in a wave 4. BTC has completed its last 2 sets of 5 waves. If we are to make a 5th wave here $6512 is the level on the daily that needs to hold.
I am not sure really if it will hold here, for now i will not be entering.
we made over 100% profits last week with the run in BTC and a few ALTS so i d not think here is the time to gamble that away.
if it makes a 5th wave my plan is to jump on the back of the btc Run and do some bigger ALT trading.
We are still in a longer time frame pattern of lower highs and lower lows. That has not changed so my original analysis and strategy remains for now. Im still expecting Sub 6, Sub 5k.
FINAL NOTE.
Over all patterns of lower lows and lower highs. If your a long term holder only, wait for lower prices and don't FOMO.
If your trading, watch for $6512 to hold. If it falls through ill release the rest of my position i have been holding and look cheaper.
If it holds, i won't chase BTC here rather trade some ALTS that will run as BTC runs.