BINANCE:BTCUSDT   Bitcoin / TetherUS
Now we are inside the third Elliot’s wave, in which we can see small components - microwaves. The fifth microwave is about to end soon, which will possibly mark the end of the third wave. In the fourth wave we can expect a price correction, after which in the 5th wave the growth will continue.
Trade active: Touched middle line of the channel

Comments

My idea is, that we just finished 5th wave.... you can notice divergence on 1D to 3D RSI ;) Even 1W RSI is bearish ... Correction to 40 or 36K is necessary. THan we can continue UP for next impulsice wave :)
+25 Reply
ShinX2 SlavicChartist
@SlavicChartist, I feel the same way.

That's a good idea.
+4 Reply
ValentinStragon SlavicChartist
speculative bubbles have some limit when people will realise that gold is the king of the world and btc is just the king of block chain
+6 Reply
dysangel ValentinStragon
@ValentinStragon, the world is still deciding what the worth of blockchain is, and each year seems to be deciding it's undervalued so far. It isn't far from here for blockchain to overtake gold
+4 Reply
@dysangel, in 200years maybe but not now btc is not even a store of value to volatile for while ,this is just a nice speculative bubble , block chain have a real value that not the question , does btc worth a kg of pure gold or more im not sure , for while block chain have secured transaction between two part and this is a big progress with real application but not everybody withdraw 100000k every two day , most people in the world do not have bank account and most others owning account have debt . Only 800 000 wallet with 1 or more than 1 btc , what a revolution , touch the ground mate , btc is cool but will go back between 10-20 k soon , any good and real trader know that since 10 K BTC is a big mess .
+2 Reply
dysangel ValentinStragon
@ValentinStragon, "in 200years maybe but not now btc is not even a store of value" can you think of one asset that has stored value better than BTC in the last 12 years?

It's unlikely there will be many more accounts with 1 BTC now that it's getting so expensive. 1 BTC is now way more than most people make in a year. Most people will be buying satoshis rather than full bitcoin now.

No it won't go back to 10-20k soon if this cycle is anything like the previous ones. It's most likely to go to at least 300k and then crash around 80%, so it will end up around 50-60k.

Not sure why you are being so sarcastic and negative. It seems like a massive revolution so far, and just what we need to help sidestep this ridiculous government abuse and central bank money printing.
+8 Reply
@dysangel, love this comment and optimism!
+2 Reply
@dysangel, I don't think he's trying to be negative, he just has no idea what he's talking about.
+3 Reply
elkadro SlavicChartist
@SlavicChartist, i agree!
+1 Reply
alexziang123321 SlavicChartist
@SlavicChartist, agreed, its not sustainable to growth exponentially tho
+1 Reply
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