• Triangle forming since ATH in Nov’21, with the base of the triangle extending back to the peak of Wave 1 in Jun’19.
• We might still be in a Wave 4 triangle.
• Let’s see if this trading pattern holds.
• But nonetheless, May’22 promises to be interesting indeed.
• (And it would be a good test of the adage to Sell in May and Go Away).
• We might still be in a Wave 4 triangle.
• Let’s see if this trading pattern holds.
• But nonetheless, May’22 promises to be interesting indeed.
• (And it would be a good test of the adage to Sell in May and Go Away).
Comment:
Interestingly, the base of the triangle goes back to 2013, and has served as resistance and support multiple times.
Comment:
2 more weeks?
Comment:
"2 more weeks" indeed to the day. Let's now wait for 10 May.
Trade active:
10 May indeed.
11 May: Long BTC ($31.6K as at now)
11 May: Long BTC ($31.6K as at now)
Comment:
It is probably 1 of 2 higher probability possibilities now.
1. BTCUSD has completed its Primary 5, and it's completing/completed its Primary A now; or
2. BTCUSD has only completed its Primary 3, and it's completing/completed its Primary 4.
Either of these, BTCUSD will probably be trending upwards till around 4QCY22 (Oct?).
1. BTCUSD has completed its Primary 5, and it's completing/completed its Primary A now; or
2. BTCUSD has only completed its Primary 3, and it's completing/completed its Primary 4.
Either of these, BTCUSD will probably be trending upwards till around 4QCY22 (Oct?).
Comment:
Bought more BTC at $28.15K. In summary, DCAing in BTC at $3.45K intervals (5% of $69K) till $24.3K.
