BITCOIN Bulls Are Tired And Need a Break
PATIENCE IS KEY
The Bulls have been fighting hard recently, but not many hours ago we suddenly dropped hard. Also ETH dropped 10% in no time. Its very important that you have a healthy mindset, and dont panic. Dont let this affect you. Dont chase your losses. Remember that traders who are capable of self control and are patient, are winners. Only 10% are winners, and 90% are losers in the market. If you want to be a winner, you need a healthy mindset!
When too many people starts to believe in the rally we get punished. We know it happens from time to time. Thats how the whales are making money. I will monitor the chart, dont worry. I will help you.
2 MAIN SCENARIOS
There are 2 different scenarios we should be aware off:
1. The Scenario. Here nothing has changed, we are still in the process of making a minor ABC-correction, AND this is still just the beginning of the 5th wave which eventually will take us above 20k and even 30k USD. We will already go up again after 11,5k.
2. This is the semi-bearish scenario. Here we are STILL part of the the 4th wave, AND right now we are in the process of making the C-wave and we will go lower. The is then just part of the B-wave. The reason why this scenario suddenly is relevant again, is because we dropped a bit lower than good was for Scenario 1.
Dont worry. Even though we most likely will go down now, Bitcoin is STILL very when you look at the bigger picture!
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And to the ones who are saying on that we change our mind. The answer is simple. Yes, we will change our mind when we see the price movement change.
Right now we will not participate in the market. We are standing at a crossroads. We will let the other traders make mistakes until we get clarity.
BTC has to choose if we will go for the Bullish scenario or the semi-bearish scenario. The Next 4 hour candle is super important.