After re looking at BTC on the 6 hour i think we have an extended wave 3. This pattern was very relevant in the bull run of last year. We saw a lot of the coins making large wave 3 patterns to bring the price extension above all indicators. I now believe we will have a retest go $7800/8000 before testing the $9000. These are all very bullish signs.
As i have always said, things don’t go to the moon overnight, they move in Ebb and Flow, like a step ladder up and a ladder down.
We followed our initial strategy and had a nice 40% profit on BTC from $5800 entry. selling first zone of $7400 and then in the $8300 zone. Both appeared to be correct. This is why its important to get your seats early at the table, don’t FOMO. Understand how the market works and basic TA so you can get a plan.
Currently the daily cloud is still in resistance and this is where we are seeing the retrace now. Ill be looking for this retrace to hold support and may trade a wave 5. I would expect 10k will be the big resistance breaker. We still have a lot of stages to come through but i do feel we are warming up for a parabola run in the second half of this year, and this has been my strategy.
Have we missed the sub 5000 buys we were hoping for? Maybe… This is why we map out bth ways, Remember at the time BTC and the market was tumbling.. but we still mapped the wave set from the initial impulse so we were ready, and the waves are now playing out. Thats nssot to say that the sub 6k won’t happen, BTC is a beast of its own but it is starting to look rather bullish
As i have always said, things don’t go to the moon overnight, they move in Ebb and Flow, like a step ladder up and a ladder down.
We followed our initial strategy and had a nice 40% profit on BTC from $5800 entry. selling first zone of $7400 and then in the $8300 zone. Both appeared to be correct. This is why its important to get your seats early at the table, don’t FOMO. Understand how the market works and basic TA so you can get a plan.
Currently the daily cloud is still in resistance and this is where we are seeing the retrace now. Ill be looking for this retrace to hold support and may trade a wave 5. I would expect 10k will be the big resistance breaker. We still have a lot of stages to come through but i do feel we are warming up for a parabola run in the second half of this year, and this has been my strategy.
Have we missed the sub 5000 buys we were hoping for? Maybe… This is why we map out bth ways, Remember at the time BTC and the market was tumbling.. but we still mapped the wave set from the initial impulse so we were ready, and the waves are now playing out. Thats nssot to say that the sub 6k won’t happen, BTC is a beast of its own but it is starting to look rather bullish