rerezz

BTC next move med-long-term

Short
rerezz Updated   
KRAKEN:BTCUSD   Bitcoin
first, let's talk about the last update short-term

image from the last update


the movement was more substantial than expected & it started to look less clean

now the scenarios are

1- the whole wave 2 is done and we are beginning with wave 3 from 5
2-the last update is still there & wave 2 is not done yet

IN BOTH SITUATIONS BE CAREFUL STRONG DUMP IS COMING SOONER OR LATER


  • NOW LET'S TALK ABOUT THE MAIN CHART

as I said many times before we are forming wave 2 from 5 or maybe done & start to form wave 3 from 5



I think the real dump will start at the end of the month I think 19900 (the monthly support) won't hold and that will freak people out
I'm 95% on cash I have orders at different prices that will active around 16K

targets are shown in the charts
this scenario fails 100% above 25200

I will update If something bullish happens like incomplete wave 5 /means we don't break the last low or break it without momentum


this is just my idea and the way I'm investing I could be wrong so do your own research

Trade active:
1- the whole wave 2 is done and we are beginning with wave 3 from 5
Comment:
be careful trading tings will get worse from now

BTC monthly candle could be strong red one & close under monthly support ~19900
Comment:

quick update for the best supports
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.