My thoughts on BTC
Currently we are in 68th correction weekly candle from last bullrun of btc.
An interesting point we came to notice from few days ago was the fact that if history is going to repeat itself same as bear market of 2014-2015 where we had 68 correction candles and then btc pumped same as what happened today.
If BTC does not manage to break 4.9k with volume then we shoud expect correction to 3.3k to 3.5k then another retesting of 4.9k and if again history repeats then another correction to 3.5k to 3.7k which is final correction.
The fact is that we still have time to break 4.9k and do not go for that scenario of history repeating itself. However, we should be prepared for both scenarios.
First we need to wait and see what this week will bring us.
DYOR
CHEERS
MM67TRADER TEAM
Currently we are in 68th correction weekly candle from last bullrun of btc.
An interesting point we came to notice from few days ago was the fact that if history is going to repeat itself same as bear market of 2014-2015 where we had 68 correction candles and then btc pumped same as what happened today.
If BTC does not manage to break 4.9k with volume then we shoud expect correction to 3.3k to 3.5k then another retesting of 4.9k and if again history repeats then another correction to 3.5k to 3.7k which is final correction.
The fact is that we still have time to break 4.9k and do not go for that scenario of history repeating itself. However, we should be prepared for both scenarios.
First we need to wait and see what this week will bring us.
DYOR
CHEERS
MM67TRADER TEAM