Please understand that if you are expecting the destruction of the current monetary system that these things can take up to a decade to play out, not two years.
My trade plan:
I am expecting a trip back down to the $16,000-$20,000 buy range, where the whales will reload after dumping. REMEMBER: 95% of all Bitcoin is held by 2% of all wallets and there is talk that these people are working together. Do not fool yourselves, these whales are dumping into this rally hard and they will reload much lower.
- We are in a major over the long term and I expect this to continue over the next decade.
Weekly (5) has broken overbought levels
The BTCUSD has formed a clear 5 impulse wave that mimics the exact action of ES before February 2020
Before I get the "stay poor" comments I will make it clear I own a company the revolves around cryptocurrency and also am a blockchain engineer. I love cryptocurrency but I do not share in the mental disorder shared by its cult members , neither should you.
Note: Weekly Stochastic taking a big bearish plunge not near support yet, this correction has more room.