AppY-Crypto

After The ABC finally completed, ready to go long towards ATH

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Here you can see a proper chart of the outplay of the elliot correctional waves.
As you can see is the weekly chart now totally outplayed and the ABC has formed and landed nicely around the 42k zone.
Expecting now choppy market next days, maybe new lows, but nog significant drops as we saw last weeks.

Expecting the market to recover and lead into the final 5 wave on the weekly chart. Which could reach as high as 70- to 98k.
Yes, you read this well, this is the last cycle wave which has to complete on the weekly level. Once this has played out we have to monitor the market closely.

Fundamentally, there has been some news in regards of bitcoin, due the fact of the Elon musks tweets, bear in mind that not elon itself drives the market.
Bear in mind that COVID periods in most country's are about to end. This will cause significant outflow of money to make it fiat. People wants to go on holiday and spend money aigain which they have settled in crypto and other assets.
I'm overal bearisch on stocks, bullisch on interest rates, and also bullisch on crypto due high popularity as stocks will decline.
Last 5e wave incoming now.


Follow my Daily Crypto livestreams on Twitch;
www.twitch.tv/appycrypto

Please go to Clockstoken.io for more information regarding our crypto investment fund
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.