$BTCUSD
Added 2023-12-13 08:08:01 +0000 UTCThe reason we have been able to chart $BTC so accurately and many of the cryptos is mainly down to how strict and structured their movement has been.....and by this I mean, moving in waves that follow Fib resistance and support levels.
In May, we can see that Wave 2 held the 0.38 Fib exactly and bounced, in Sept, Subwave 2 pulled back to the 0.38 Fib exactly too and bounced...so we will be watching for this at Subwave 4 too.
We can already see that the pull back has so far hit the 0.23 Fib at $40k, it is possible that we can still get another pull back again to the 0.38 Fib for the third time this year.....the 50 Day MA is at this level now too.
This would also mean that many of the other crypto stocks will likely pull back too and present another good opportunity to start a position.
Comments
Only short term pull back Luc, the trend is up.
Gareth Neary
2023-12-13 14:48:21 +0000 UTCThanks Gar. I am currently taking a beating, but I am confident for the long term. Without your chart, I would probably be freaking out at the moment. Instead, I sit tight and take deep breaths :-)... Next time, at the top of wave 3, I will try to take 50 % profit.
Luc
2023-12-13 14:30:48 +0000 UTCI’m looking forward to re-enter BITF again.
Peter Mocca
2023-12-13 11:02:32 +0000 UTCI’m trying to game the system and make substantial holding in btc out of USD 50. Minting and selling ordinals 😂 just a fun game I’m playing to pass the weekends..
Chris H
2023-12-13 10:36:25 +0000 UTC
