jamesaphoenix
Short

Catching The Next Retracement

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We can clearly see that Elliot Waves fit this initial bull run.

I'm expecting an A - B - C correction which will present trend contrarians with new buying opportunities.

There has not been a significant correction since February and BTC needs to let off some steam.

Currently I believe the following to be true:

- Alts are underpriced.
- BTC/ETH/LTC is overpriced vs fiat.

This is purely speculative and a place to document the bull run.

Make your own decision before investing!
Comment: I've also taken a fib time retracement from the last bull run. I expect the next mega wave to start late July / Early September.

I will likely start my next accumulation phase in early July.
I strongly believe that We will get at least one more time to buy bitcoin below $5000 before the next bull season! Let's see how it goes!


Reply
well ... depending on the different types of signals, I either end up with $7.8k as a top or $8.5 ... we'll know soon enough

but I can't imagine anything but a massive correction after this

of course nobody has been selling yet, but wait until it takes a big drop, that's when there's going to be such a mass rush ... I'm predicting the most spectacular drop ever

too much manipulation going on, and they caught as well the short'ers as the fomo buyers, but they also scared real money ... this is not good for the long term trend

it's a currency for crying out loud, bitcoin might technically be the best currency ever, but with such a volatility ... it's in fact the worst of them all !!
+1 Reply
jamesaphoenix MichielVan Kets
@MichielVan Kets, "but I can't imagine anything but a massive correction after this". Couldn't agree more. We're due a healthy correction.
+1 Reply
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