BITCOIN at a Crossroads... 30,000 USD or 5,500 USD?
The Crossroads- 30k or 5k?
So what is happening? How can we talk about such different numbers? Its very important that you understand, that RIGHT NOW we are fighting about whether this is a 4th wave or the end of the 5th.
Also notice that this is not Stocks, or bonds, this is crypto, so the market moves so fast that one day can change a lot. You dont see stocks or bonds move 10% or 20% over night. Think about it. Its a lot. Thats why we also are quickly to adapt to new circumstances. If you are one of those people who stick to the same narrative, and dont change your opinion, you are a losing trader.
So you need to change and adapt to the market. WHEN you have made your analysis and made your trade, then you have to let it go of course. But only then. Please promise me that - dont be one of those in the comment sections that will tell you...
Oooh, yesterday you said , and now you said bearish?
Of course I did! Thats why I made 100% when we went up, and then I also saw we went down yeserday as you could see from my chart, and also made money on the Short. So please my friend, dont be like them. Adjust and adapt all the time - you become more and more clever for every second that goes by. Remember that.
Long term we still dont have an answer whether this is a 4th wave or the end of the 5th. BUT one thing is certain. IF we continue to go down without any correction to the upside, the first scenario becomes more and more likely. But right now it seems like we will go up short term, and then down again. The best thing you can do right now is to focus short term, and I promise you that I will let you know about the bigger picture when we get more data.
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If this is a C-wave or a bullish ABCDE Trigle pattern, we will go down after a small correction to the upside.