Bitcoin Longer term picture of current uptrend. $6K to be tested
Volume on wave 3 was the signal for me. Those are just beautiful waves 1 and 3. If wave 5 completes here, the retracement will tell us if we've actually hit the bottom of the bear market and are now accumulating for the next bull run, or if we are to test new lows.
I'd favour the bullish scenario right now to be honest. During the larger wave 4 (which could last 2 months), we'll see most of the shitcoins go through some enormous pump and dumps.
So prepare your cash and get ready, because sideways bitcoin movement= alt season.
There's a lot of confluence for that wave 5, ending at that resistance area, and it will be a fantastic shorting opportunity, and probably our last chance to buy BTC around the $4K area.
Patience my fellow traders :)
I'd favour the bullish scenario right now to be honest. During the larger wave 4 (which could last 2 months), we'll see most of the shitcoins go through some enormous pump and dumps.
So prepare your cash and get ready, because sideways bitcoin movement= alt season.
There's a lot of confluence for that wave 5, ending at that resistance area, and it will be a fantastic shorting opportunity, and probably our last chance to buy BTC around the $4K area.
Patience my fellow traders :)