Bitcoin – global overview
While the Bitcoin is staying at the same level let’s try to understand what is going to happen globally. We can see that the BTC is forming the 5-waves Elliott cycle during the last 3 years
Bitcoin – where to take profit-2?
Yesterday we bought the Bitcoin at $39300 according to the strongest long signal. After that the price pumped to $41500 and now we are going to understand at which levels we have to take profit.
Bitcoin – what is the limit of this growth?
You already know that I suppose that the Bitcoin is in bear market, also you know that I executed long trade at $36300 because the bounce was anticipated.
Bitcoin – $37k very soon!
Looking at the local timeframe I suppose that there is high probability of dump next 24 hours. Why?
Bitcoin – this is the bottom!
I thought that the potential local bottom is going to be at $37500, but the BTC hit $38300 and now is forming the reversal setup.
Bitcoin is trying to break major resistance!
That is why I will not be surprised if this major resistance is going to be broken easy.
Bitcoin – this pump can end earlier!
I am still holding my long trade but closed 50% because I suppose that this price growth can end even earlier than I said earlier.
Bitcoin – don’t trust to this pump!
The price pumped to $40500 and a lot of traders suppose that it is the bullish move start.
Bitcoin – local correction before pump?
What is the target for this correction? If we look at the previous trend reverse in July 2021 the price broke through the 26 EMA and the first correction was to 0.38 Fib level and to this 26 EMA.
Bitcoin – are you ready for dump?
I supposed that the Bitcoin is in large distribution phase and now the price is going probably to enter into markdown phase.