Hello guys.
I am fairly bullish on BTC, and I sincerely believe we are going up. Elliot Wave played out perfectly as we predicted last time, and I also predicted it's going up while people were very fearful and calling higher lows. I just didn't see it.
We got our uptrend, and now the momentum has slowed down. We are now in neutral territory, it's sunday we won't see much action today. I'm actually waiting for tomorrow to see shorting/long contracts on CME and see where BTC is heading. Volume on BTC is still very low, but that doesn't mean much. There are a lot of people waiting on the sidelines to buy cheaper BTC anticipating it will drop. If BTC holds these levels and doesn't drop, I wouldn't be surprised to see some fomo back in.
On the bright side of things :
- Fundamentals haven't change, cyrpto is still a game breaking technology
- Fuds have "suprisingly" dissapeared ( I have also predicted that this would happen on my twitter after the G20 summit and that this whole drop was manipulative )
The negative side of things:
- Average buyers no longer have any power with BTC as commercial hype is over and noobs left the market because they lost a lot, so the bubble did pop, and will take some time to gain back confidence
- CME/CBOE controls the market now from 6k to 12k swings, until a breakout happens
What can you do as a holder:
Your thought process:
- You believe in the tech
- You are certain you will make money in the future
- You become unaffected by USD value fluctuations and you focus on Satoshi value instead
Actions:
- Act based on these convictions
- Accumulate BTC and whatever alts you believe in, and try to swing trade the 6k-12k ranges that are based off CME and CBOE futures contracts.
- If you can't beat the whales, join them
Short term Action:
Don't do anything, wait for another signal. Shorting or longing now is really dumb.
I am fairly bullish on BTC, and I sincerely believe we are going up. Elliot Wave played out perfectly as we predicted last time, and I also predicted it's going up while people were very fearful and calling higher lows. I just didn't see it.
We got our uptrend, and now the momentum has slowed down. We are now in neutral territory, it's sunday we won't see much action today. I'm actually waiting for tomorrow to see shorting/long contracts on CME and see where BTC is heading. Volume on BTC is still very low, but that doesn't mean much. There are a lot of people waiting on the sidelines to buy cheaper BTC anticipating it will drop. If BTC holds these levels and doesn't drop, I wouldn't be surprised to see some fomo back in.
On the bright side of things :
- Fundamentals haven't change, cyrpto is still a game breaking technology
- Fuds have "suprisingly" dissapeared ( I have also predicted that this would happen on my twitter after the G20 summit and that this whole drop was manipulative )
The negative side of things:
- Average buyers no longer have any power with BTC as commercial hype is over and noobs left the market because they lost a lot, so the bubble did pop, and will take some time to gain back confidence
- CME/CBOE controls the market now from 6k to 12k swings, until a breakout happens
What can you do as a holder:
Your thought process:
- You believe in the tech
- You are certain you will make money in the future
- You become unaffected by USD value fluctuations and you focus on Satoshi value instead
Actions:
- Act based on these convictions
- Accumulate BTC and whatever alts you believe in, and try to swing trade the 6k-12k ranges that are based off CME and CBOE futures contracts.
- If you can't beat the whales, join them
Short term Action:
Don't do anything, wait for another signal. Shorting or longing now is really dumb.
Comment:
I didn't move the ABC wave correction from my previous chart. It could very well be invalidated, so don't trade based on it. Wait for tomorrow