Bitcoin may be in the process of completing the biggest, most extended Wave 3 in the history of all assets, literally jumping from 3K to 50K+ in one, single, pump! Quite unimaginable actually but it sort of makes sense if you think about it (of course its easy to say this in hindsight, lol). The 4/3 was a massively tricky one to catch, which I surely failed to do.
Now that Wave 5/3 has come earlier than anticipated, the count shows that we're likely in Wave 4/5 of 3. I'm expecting that we will retrace back to the 50K range and pump to nearly 60K or more, but not much more.
Typically at the end of a 5/4 Wave, price retraces to the previous Wave 4 level to find more support. The previous Wave 4 level for Bitcoin lies around $4000. RSI levels are still extremely hot for Daily, Weekly, and Monthly charts. This kinda drop is also nearly unimaginable and foresight isn't quite as convenient as hindsight :)
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Typically at the end of a 5/3** Wave, price retraces to the previous Wave 4 level to find more support.
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I had to re-check the analysis count. Sub 30K (and likely 40K) is dead. 62K and 41K are my next tentative targets. Bear Season will never be the same. 40K-45K will be the last low point before BTC reaches disrespectfully, enormous price ranges.
Since BTC was at $ 37,000, your predictions have not come true.
DigitalSurfTrading
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@Alex-efv, tell me about it ;) you still keep showing up though. wait for the drop Alexandria.
VladimirBashovski
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@Gumption334, the trend seems that will go on for atleast 3-4 months more whilst btc going 130-150, we wont see 10k i believe, 20 more realistic, good luck with short
VladimirBashovski
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@Gumption334, people showing up and stating facts? Nothing wrong with that how earlier you sold?
DigitalSurfTrading
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@VladimirBashovski good luck to you too. I don’t mind Alex’s comments. I welcome them all. I chase tops, it’s what I do. So long as the SL is in place, I won’t lose too much.
Snacks
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Gonna need more than hope. The banks and institutions talked all crypto down back in 2018/18. They got caught with their pants down and wanted in, so they trashed talked it down. That's what/who caused the crash back then. Now its time to trash talk the banks. Fuck those old goats! You'll see corrections, you won't see a crash for a long while...not until something big comes along and shits the bed....like gov't regulators. Problem is, this has now been unleashed...and there is no stopping it! Hop on or get the fuck out of the way.
DigitalSurfTrading
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@Snacks, ooooohhhhh, that's what happened? lets see. it's a good movie.
VladimirBashovski
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Do you think Elon would buy just before a bear market?
DigitalSurfTrading
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@VladimirBashovski I think Elon is rich and smart but I don’t know what his trading style is. Players mess up 🤷🏾♂️ I don’t consider Elon in my prediction.