BTCUSD
Looking at the chart of Bitcoin, we had a mayor bottom with huge volume at around $3,800 USD. Coming from there we had a 5-wave move to around $7,500 USD, which I will call Minor Wave 1, then we had a 3-wave move to around $6,500 USD, which I will call Minor Wave 2, and then we had another 5-wave move to around $10,000 USD, which most likely is only part of the ongoing Minor Wave 3, which I will call Minute Wave 1 of Minor Wave 3.
After that we are now experiencing a correction on Bitcoin, which I will call Minute Wave 2 of Minor Wave 3. We don’t know that Minute Wave 2 is over, it could be, but it is still possible for it to continue to the downside. Anyway, it should keep above $6,500 USD, the start of Minute Wave 1 of Minor Wave 3.
Bitcoin Halving is on Monday, www.bitcoinblockhalf.com/
Mid-term, 3 weeks or more, I’m bullish. Short term, now until Monday, I will say I’m neutral.
I hope you find this interesting and good luck to you.