Bitcoin seems to be in an expanding flat which has started in early 2021.
The 3rd wave seems to be concluded and we will be expecting the 4th leg up.
The 4th leg should enter 1st wave's areas which is at least 35k USD levels.
We have reached the most critical point in 3 years time,
With USA printing unlimited money and giving away ridiculous stimulus checks, NASDAQ and SP500 are pumping really hard which are totally silly bear rallies, they are about to collapse and they will be collapsing soon - september !
But WHAT ABOUT US?
Next 3 weeks will show us IF WE HAVE ENTERED THE BULL...
This is not a dot com bubble or a housing bubble, this is "Everything Bubble" which is about to burst.
The crash will potentially be quick and painful.
Dollar is about to collapse.
Covid cases will rise in september due to weather changes.
Stimulus checks will not be enough.
Smart money will start taking profits.
This is not an investment advice,...
Boring times are about to finish. BTC seems like it has broken upwards from the channel. However we also should consider the SPX and DJI charts before becoming a moon boy.
I am expecting a pull back and than will be updating my analysis.
We are in a short term bullish trend but the medium term is STILL bearish.
I am not sure if we will crash from these levels or will go all the way up to 50 usd levels and crash but the higher it goes up the bearish I will become.
I will be buying from the HUGE green box.
I will NOT open a short - too risky, I will not be margin trading as well.
A little 10 percent bounce may occur in the short term.
BTC should hold above 6100 for the bounce to happen.
I think this is can be the last bounce before the crash.
7200 is the potential target but I will be taking profit at 6900 levels considering traps.
BREAK BELOW 6100 INVALIDATES THIS COUNT.
Hello again friends,
Today I wanted to share an alternative scenario for us.
I do not want to stick with only 1 scenario. We have to be open minded and consider all the possibilities.
Considering the Dow Jones chart, we might be seeing a triangle which will postpone the bull season but will give us some little volatility in between.
My priority in this chart is...
Are we going to crash down directly or are we going to follow DASH s pattern and make a bull trap before the crash...
Breaking and holding above 5700 will show us the way.
We are still in a downward impulsive wave, probably ended the 3rd wave and still hanging at the 4th wave.
I am still bearish and persistent about the crash, but we always should consider a...