Bitcoin - Plan for the next 6 months! (strategy)
- Bitcoin is pumping, but buying at the current price is not worth it at all. I have been talking about the 10k, 15k, or 20k (unfilled CME gap) for a long time. Usually, summer is choppy, followed by September and October, which are generally very bearish months for Bitcoin.
- Of course, I am not here to immediately FOMO into Bitcoin, and I do not recommend anyone do it. You can take a look at altcoins; they are extremely bearish, and since I have been bearish for 3 months, they have crashed by 50% or 70%. Just take a look, for example, at MATIC or Cardano.
- I do not have any Bitcoin because timing is important when it comes to investments. The most efficient way is to buy Bitcoin around 20k later this year and ride the third impulse wave to the upside. I expect a huge ABC correction to be triggered soon, and as we know, the usual retracement for the 1st impulse wave is most likely 0.618 or even deeper.
- Bitcoin is one of the most bearish assets in the world. Gold almost hit an all-time high, as did Nasdaq. Bitcoin is supposed to be the most bullish asset, right? It already should be above the previous all-time high somewhere around 100k, but it's struggling below 30k.
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
- I am expecting a big crash on Bitcoin, no matter this recent pump. The market moves in waves, and corrections do make sense to me. I think 10k is no longer possible for Bitcoin due to the recent pump because the current uptrend from 15k is now transforming from a corrective wave into an impulse wave, which is a sign of the start of the bull market.
- On the chart, you can see a projection for a Diamond or Head and Shoulders pattern that can be formed in the next few months prior to the final dump to 21k.
- My strategy and game plan for Bitcoin is that first we are going to go higher, to around 33000, to take the liquidity above the previous swing high from 2022. After that, I am expecting a huge crash back to 25k, and then some consolidation pattern should occur as wave (B). In September, we can expect a final huge crash to 20K, followed by an extremely strong buy-back from whales.
- Thank you, and for more ideas, hit "Like" and "Follow"!
The historical probability of at least partially filling gaps is 100%. I am not going against the 100% probability; if you are, okay. But if you take trades like these all the time, your account will clearly go down. You want probability on your side, not against you.