REVISED LONG TERM BTC VIEW
Atualizado
Nothing much has changed from my previous BTC long term view idea that i posted on March 21st https://www.tradingview.com/chart/BLX/7895yvTW-Long-term-view-on-BTC/
except that the wave 4 count (i deleted the wave count on this chart cause it was too cluttered, you can see the wave count in the link above in my previous post) that i assumed this rally would be got invalidated so i think we are in the massive bull trap that i was waiting for and this plays out like the 2014 fractal (retracement to 0.382 fib level) then we are looking at 9.5 - 10k area to top.
This bear market is rhyming with the 2014 bear market so much that this just seems to me to be the most logical scenario that will play out (price action & time wise). I am totally open to contrary ideas but please explain in detail and if you have a chart that's even better. If you didn't short the 84% move from 20k down to 3.1k then this may be another oppurtunity to short an even larger move of 88% from 9-10k to 1-1.3k
:)
except that the wave 4 count (i deleted the wave count on this chart cause it was too cluttered, you can see the wave count in the link above in my previous post) that i assumed this rally would be got invalidated so i think we are in the massive bull trap that i was waiting for and this plays out like the 2014 fractal (retracement to 0.382 fib level) then we are looking at 9.5 - 10k area to top.
This bear market is rhyming with the 2014 bear market so much that this just seems to me to be the most logical scenario that will play out (price action & time wise). I am totally open to contrary ideas but please explain in detail and if you have a chart that's even better. If you didn't short the 84% move from 20k down to 3.1k then this may be another oppurtunity to short an even larger move of 88% from 9-10k to 1-1.3k
:)
Nota
Still think it's early to confirm that the bear market is over. The bearish chart hasn't been 100% invalidated yet, so i'm still sticking with my prediction.
Let's see how it goes...
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