I uploaded $BTC on Friday with the bearish count and in my last upload, I uploaded the bullish count in the short term.
It is worth remembering that both long term views of $BTC are bullish and I see the price going to $125k over the next 12-18 months.
Bulls should prefer to see the ABC correction to come in now instead of waiting for one more leg up and then completing its ABC count.....this would also tie $BTC heavily with the US market, which is exactly what $BTC was designed not to do.
I think when $BTC tests its 200 Day MA at any time over the next few years, this is a buy signal, everything below this MA is undervalued in terms of its technicals.
Huat
2024-05-27 10:35:11 +0000 UTC