With altcoins doing well right now, I do not see any bearish sentiment... Given the magnitude and period duration of the primary wave 2, I believe primary wave 4 has already completed. My new entry point is @9,000.
I believe this wave count makes more sense in terms of the magnitude of the corrective waves 2 and wave 4.
Hoping to accumulate both BTC and NEO during this wave 2 we are having right now
Currently I have my wave 4 put in already, but the recent rising wedge formation may bring us lower to 7,700. Sketchy times to be trading BTC. I rather just hold for now, the bull market looks to be really coming
Was expecting a short correction but not anymore... If you look back in 2017, there were many times where we saw the exact same pattern as the current one. And the result was up.
Expecting BTC to go to 0.382 level. I doubt BTC will go down to the 0.5 level. But on a 2-week horizon, I am long, so not going to short here.
Very strange BTC hasn't dropped already. RSI not looking good for shorts and falling wedge forming. I don't know guys... Something seems fishy
Not counting out the bear scenario just yet, but the bullish indicators seem strong
Warned in my previous post those who were shorting (which was basically almost everyone). FOMO works in both ways - long and short - and market makers take advantage
I seriously would not go short here... The people who need to sell for tax day would have all sold already
Bullish divergence, breakout from falling wedge and found support at falling wedge upper trendline Whoever is shorting right now should really reassess their emotions. Look at how many people on social media / forums saying that they will get in at 4,400-5,500. The more people say it will go down to that low, the less likely it will - it has always been like that.
This might be the start of the next bull run - it's interesting how when 90% begins to go bearish (even those who were previously bull), the market makers make it bull. Let's see where this goes...
I am not sure if the market makers really want to push BTC down to 2,700.