In my previous analysis on GBTC, I was explaining why am I bullish :
To be honest I totally forgot on this chart, I checked it today, checked waves that we got to the upside and I think, that I can say, that BTC is back in bull market, after big, ugly and deep ABC correction.
Let´s zoom to the move from 13th March to 10th June, that took us from 5,5 to 12,5.
We got nice leading diagonal from the bottom, then the strongest 3rd wave and then final 5th wave is ending diagonal. So now I think this uptrend cycle is finished and price will go down for some time, probably during summer. I would love to see correction complete at 8,0 level. After this correction is finished, we will be heading to all time highs.
Everything fits to other things like stocks, btc dominance, sentiment analysis, so after we finish current corrective downtrend, we really should buy bunch of bitcoin ( just btc, not altcoins, during this next parabolic move to the upside, btc dominance will go up, so altcoins will heavily underperform bitcoin).
To be honest I totally forgot on this chart, I checked it today, checked waves that we got to the upside and I think, that I can say, that BTC is back in bull market, after big, ugly and deep ABC correction.
Let´s zoom to the move from 13th March to 10th June, that took us from 5,5 to 12,5.
We got nice leading diagonal from the bottom, then the strongest 3rd wave and then final 5th wave is ending diagonal. So now I think this uptrend cycle is finished and price will go down for some time, probably during summer. I would love to see correction complete at 8,0 level. After this correction is finished, we will be heading to all time highs.
Everything fits to other things like stocks, btc dominance, sentiment analysis, so after we finish current corrective downtrend, we really should buy bunch of bitcoin ( just btc, not altcoins, during this next parabolic move to the upside, btc dominance will go up, so altcoins will heavily underperform bitcoin).