Looks like we'll see an epic fall soon. The last sub wave of wave c (b) is probably over. A huge bearish divergence is forming on the weekly chart. There is a huge greed and euphoria on the market. Global infectious numbers are falling sharply and the curve of active cases has broken, which could mean the end of incentives and the subsequent collapse of the entire economy, which is now on steroids.
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Detail wave c
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BTC goes to the finals, it is beautifully based on the total capitalization of BTC.
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Wave (5) could test MA 21 weekly. Subsequently, the pull back would come somewhere at 45,000.
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On the chart we see a new all time high and a double divergence on the weekly and daily charts. We also see rejection at the invalidation level. This could mean that the fifth wave could be completed and at the same time the (b) supercycle wave.
I'm ready for some more downside action and sale prices, thanks for sharing!
muhtefi
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you have been saying the same thing since 6k, and you still haven't bought yet, right? ahahahaha lol
stop it, change your perspective. bitcoin is going to 300k by the end of year
Fox666
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@muhtefi, If you are right, then we will probably see a correction of more than 90%. It's a huge speculative bubble. Many people lose their life savings.
eaglekeeper57
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The signs of a correction are there, and a fall to 44K to 42k area would hurt, but it would also be healthy for a continuation of the current Bull run. With Inflation nocking at the door in the US and in Europe, Bitcoin will be the safest place to be to ride out the storm. Gold will always have value during periods of Inflation, but gold is loosing footing to Bitcoin. Caution is the best play right now.