River-crypto

Because when you start a new TV account,your BTC opinion matters

BITFINEX:BTCUSD   Bitcoin
Lets get to know each other better. I am bullish CRYPTO and I am bullish BTC longterm. But I am currently still bearish.

Heres why.


My opinion is and always has been following an ABCDE correction. Have I called the end sooner than we currently are. YES. I think we all have. But as soon as those 3 waves followed a strong downfall instead of 5 I knew I needed to go back and recount my waves once more. I think we all have at some point or another.

In an ABCDE wave you will notice that A is the crazy mumma with her babies C and E so close in age (making mumma crazy of course). The babies look pretty similar but one is slightly bigger than the other. Maybe from a distance they look like twins but when you get closer you'll notice that one is slightly older.
Lets call the big baby wave Charlie. He was the planned baby. Mumma wave A knew he was coming, but oh baby wave Eddy was a surprise. Mumma was breastfeeding and didn't think she needed birth control, and whoops.

Anyway,

lets get technical.

It looks to me like we're currently in sub-wave B of E. More specifically, about to start subsubsubwave 5 of subsubwave C. My original target was and remains 7176 but IT IS VERY POSSIBLE to extend to 7450 before heading down for subwave C
When will I believe were in a bull market? If we break 7900
Where do I see our lowest low? 5378


xx
Making charts to buy wine and pay for surfboard repairs. #nofinancialadvice
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.