Introduction
There is a smart guy (I am not saying his name) who makes Crypto investors move like a herd.
He speaks positively for BTC and the herd is in full enthusiasm.
He places a sad emoji in a message or makes a negative comment and the herd is in panic.
Conclusion: the herd is stupid.
I apologize for that but its the truth. And its sad for the overall Crypto environment to have this herd situation.
The chart
BTC seem to have ended the reaction of Wave 4 (up) and we have probably entered in Wave 5 (down)
The faster BTC goes down the better.
We need to end the 5 Waves down to complete the move.
I think that below $34500 BTC will accelarate its drop.
My target is set below $30000 and I would like to see levels around $25000. This will be my possible BUY area.
Of course I will follow the move to see exactly what is going on.
PS a note to those who belong to the herd: think out of the box (if you can).
There is a smart guy (I am not saying his name) who makes Crypto investors move like a herd.
He speaks positively for BTC and the herd is in full enthusiasm.
He places a sad emoji in a message or makes a negative comment and the herd is in panic.
Conclusion: the herd is stupid.
I apologize for that but its the truth. And its sad for the overall Crypto environment to have this herd situation.
The chart
BTC seem to have ended the reaction of Wave 4 (up) and we have probably entered in Wave 5 (down)
The faster BTC goes down the better.
We need to end the 5 Waves down to complete the move.
I think that below $34500 BTC will accelarate its drop.
My target is set below $30000 and I would like to see levels around $25000. This will be my possible BUY area.
Of course I will follow the move to see exactly what is going on.
PS a note to those who belong to the herd: think out of the box (if you can).
Comment:
The triangle pattern (in blue) has been broken to the downside so Wave 5 has strated. It will have 5 sub waves until its end, a bottom creation and the next leg up for Bitcoin. Now we need to see anxiety, fear and capitulation.
Comment:
Now there is panic: GOOD
Now there are plenty of negative comments as to Cryptos: GOOD
Now wave 5 is unfolding faster: GOOD
This week will be very important and I hope that the selloff will intensify.
Now there are plenty of negative comments as to Cryptos: GOOD
Now wave 5 is unfolding faster: GOOD
This week will be very important and I hope that the selloff will intensify.
As soon as I have something interesting I will post it immediately