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dacto
Aug 9, 2019 8:06 AM

BTC - 09 August 2019 - When and How Accumulate BTC? - FOR BULLS Long

Bitcoin / U.S. dollarBitstamp

Description

This is the likely retracement if we have finished the 4th huge wave and started the 5th one. Lets wait to hit the 21 weekly moving average and then decide what will happen...
Both scenarios are really likely considering the technical view.

Halving effect can pump this scenario however I am a little more bearish still...

Trade active

Bulls can start buying bitcoin.
I am a bear. I will be waiting...
Comments
Cryptonite_trader
I like your analysis. This is how I'm looking at it

dacto
@Cryptonite_trader, thanks for the share, really likely scenario you have mentioned...
abdu11
major wave 4 is too big to be as wave 4
XRPTheStanDaRd2000
In this Scenario when is alt season?
dacto
@jacobshultz, not before october
peugo407
@jacobshultz, In my opinion within 6-24 months. Just relax and accumulate more.
dacto
@peugo407, yep thats likely, bitcoin hitting above 17-18k will be a nice trigger for the alt season to start, which I do not think is possible this year...
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