BTC, could you please tell us where we are now?
BTC, could you tell us where we are now? What is the big picture.
If we look at Bitcoins all time history in BLX chart, we can find trends and similarities. This situation looks like very similar that we had in 2013. I believe that we are now half of way in Elliot waves five wave sequence first wave. This price is also corrective wave 2. bottom. Now we are putting some concrete in this 30-40k$ levels, cause this is our important support level. Don´t mind the time frame of future predictions, cause it´s just impossible to predict. Key thing here is Elliot wave trends and support levels.
So what could shoot us up from this levels that we are in? If shit hit´s the fan, who is king? Simple answer Bitcoin. Now we have extreme fear in market, index low as 19. When we have fear, how alts are doing? Not so good. I believe that alt market is going to have some crash when traders move their alt positions to BTC. This will shoot BTC to flying again all the way to wave 1. top. From there we will have nice correction to these levels again where we are now.
What news are telling or what Elon is tweeting etc doesn´t matter in big picture. It only hits market in minor scale but it looks like big thing when you live with your charts in small time frames. I think in big picture time is on our side, always have been if you look at history. There is absolutely no time to fear now, cause fear and emotion is your biggest money killer. If you act like most of the heard, you are just that successful as most in this market. When you switch you mindset just opposite direction, then the beauty comes. You start taking position when market is in fear and selling them when market is in greed. Simple as that.
This is not trading advice. This is only hypothetical prediction where we are and what could happen. Cheers to all, have no fear, cause now is time to be brave :)
If we look at Bitcoins all time history in BLX chart, we can find trends and similarities. This situation looks like very similar that we had in 2013. I believe that we are now half of way in Elliot waves five wave sequence first wave. This price is also corrective wave 2. bottom. Now we are putting some concrete in this 30-40k$ levels, cause this is our important support level. Don´t mind the time frame of future predictions, cause it´s just impossible to predict. Key thing here is Elliot wave trends and support levels.
So what could shoot us up from this levels that we are in? If shit hit´s the fan, who is king? Simple answer Bitcoin. Now we have extreme fear in market, index low as 19. When we have fear, how alts are doing? Not so good. I believe that alt market is going to have some crash when traders move their alt positions to BTC. This will shoot BTC to flying again all the way to wave 1. top. From there we will have nice correction to these levels again where we are now.
What news are telling or what Elon is tweeting etc doesn´t matter in big picture. It only hits market in minor scale but it looks like big thing when you live with your charts in small time frames. I think in big picture time is on our side, always have been if you look at history. There is absolutely no time to fear now, cause fear and emotion is your biggest money killer. If you act like most of the heard, you are just that successful as most in this market. When you switch you mindset just opposite direction, then the beauty comes. You start taking position when market is in fear and selling them when market is in greed. Simple as that.
This is not trading advice. This is only hypothetical prediction where we are and what could happen. Cheers to all, have no fear, cause now is time to be brave :)
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