Hi all,
I've plotted what to me is the most plausible scenario for BTC right now.
A drop down to the Fibo retracement and high of the 3rd wave in the previous cycle, then a slow grind around this level before we make the next move.
The bear will exhaust all the weak hands in crypto now, it will get some monet out of the market, but a lot of the money will stay and eventually come back.
That's why right now I believe the bottom to be 5000 and not 3000 or even 1300 as some will say.
For you active traders out there, this is an obvious short until the february low, we should get there rather fast.
Good luck with the bear all.
I've plotted what to me is the most plausible scenario for BTC right now.
A drop down to the Fibo retracement and high of the 3rd wave in the previous cycle, then a slow grind around this level before we make the next move.
The bear will exhaust all the weak hands in crypto now, it will get some monet out of the market, but a lot of the money will stay and eventually come back.
That's why right now I believe the bottom to be 5000 and not 3000 or even 1300 as some will say.
For you active traders out there, this is an obvious short until the february low, we should get there rather fast.
Good luck with the bear all.