BTC really is coming into a stage where it needs to make a decision. A lot of people are talking up bill runs simply because of one or 2 days of some nice manipulated gains. I do think we are coming to the end but we are not there yet. I still think we have a panic run and some depression to come and should be looking good from September on.
Im now watching BTC on a bigger time frame as I'm not trading it right now. Now its about getting the early seat at the table and being ready.
I do not think you can go wrong with accumulating BTC under $6000 ( Closer to 5 and sub 5 better) nd even holding a paper loss will not be an issue.
Were holding the 3 day support on the 200 EMA.. for now. We have seen BTC slowly break down the support levels through the clouds, EMA, trend lines.. There is just a tonne of resistance.
I feel we will eventually break the $6000 test and this is where we will see the free fall. $5800 on a longer time frame is the last line and we will then see $5000 come into play.
The reality is that none really knows the bottom. If we look at things like the weekly EMA, 88% RETRACE we are ;looking at testing $4000. If this happens it will be fast and brutal.
My suggestion is to just accumulate what you can under 6k and average down. Spread your buys, there is no need to gamble on trades right now. Accumulate your BTC and we will trade once we start making elliot waves again. GET YOUR SEAT AND JUST BE PATIENT.
Im now watching BTC on a bigger time frame as I'm not trading it right now. Now its about getting the early seat at the table and being ready.
I do not think you can go wrong with accumulating BTC under $6000 ( Closer to 5 and sub 5 better) nd even holding a paper loss will not be an issue.
Were holding the 3 day support on the 200 EMA.. for now. We have seen BTC slowly break down the support levels through the clouds, EMA, trend lines.. There is just a tonne of resistance.
I feel we will eventually break the $6000 test and this is where we will see the free fall. $5800 on a longer time frame is the last line and we will then see $5000 come into play.
The reality is that none really knows the bottom. If we look at things like the weekly EMA, 88% RETRACE we are ;looking at testing $4000. If this happens it will be fast and brutal.
My suggestion is to just accumulate what you can under 6k and average down. Spread your buys, there is no need to gamble on trades right now. Accumulate your BTC and we will trade once we start making elliot waves again. GET YOUR SEAT AND JUST BE PATIENT.