QUICK UPDATE, HASNT CHANGED MY TARGETS. EVERYTHING EXPLAINED IN VIDEO. GOOD LUCK !!
Hello Traders, My apology for lock of audio on previous recording,. this on is correct. cheers, Jim
MY CURRENT VIEW ON BTC HAS NOT CHANGED, STILL WAINTING FOR 1-2-3-4-5 WAVE TO FINISH
BITCOIN FOLOWS 5 WAVES STRUCTURE, CURRENTLY WE ARE RIDING AT SUPPORT BUT I THINK IT WILL BE FINALLY BROKEN. BIG MONEY WILL TRY TO DEFEND 6K LEVELS WHERE STRONG SUPPORT/DOUBLE BOTTOM IS. IT WILL BE GOOD RISK TO REWARD RATIO TO JUMP IN FOR WAVE 2, WE MIGHT SEE SOME NICE PROFITS NEXT WEEK FOR THE BULLS.
3k is my number now but it will probably change over next weeks once i have more info from the market. I dont like to predict "long term" and i always look at my next move which now is a buy order around 6k. NO ONE KNOWS WHERE IS TRUE BOTTOM, but we can use data from the market and prepare for our next move with lowest possible risk to reward ratio ! Stay safe !...
Im still waiting for 1-2-3-4-5 structure to complete around 6k. Will jump in for short term swing (few days into wave 2). More details in next and last video of today ! Happy Holidays!
Still bearish, more details in video. My next video on detailed C wave count coming up !
In this video I recap the BTC moves from Friday and cover what might playout in Sunday BTC action in Asia. A few notes: The runup on Friday I do not believe sellers particpated I am still long on BTC at the moment This could be a consolidation phase Has to break 9K strong FOMO range is 9200-9400 10K still heavy fight and psychological number
Here I outline where BTC has been and also where I see it going in the next day as the Asian market opens. I do expect a small retracement, happening now possibly and then support to kick in. Then some strength to the upside. Of course if that changes we'll be trading the price action changes but it appears to be playing out that way. Expect res. at 8,8 and 9,2...
If this analysis is good then, BTC should go up 65% before July - August
Quick video to cover what i'm seeing take shape on BTC. The last two daily close in my opinion are positive for BTC to rise. I'm not saying we cannot see any further downside, but since price action is getting held at the 200EMA, I believe we'll see a rise in price action over the next couple days. I hope you find this video informative, but know these are...