ETF coming soon! Well well well. This is not so bullish to me and too many people are bullish right now.
Technically speaking, I see a triangle formation right now and this tells me that we're about to end a larger figure (wave C)
Sure we could see higher levels and many analysts start drawing a larger unfolding wave C but to be honest this is not what I'm seeing. This current move is a SWIFT MOVE and I'm also expecting an imminent reversal after that triangle plays out.
Furthermore, I'm NOT DAY TRADING BTC anymore BUT I still have an interest into spot trading. I put an alert at the 38.2% level for more than 6 months already.
Just take look at my last Tweet Analysis the 18th of March and you can see that I was pointing that level of confluence (36k).
If I converted pretty much all my BTC into USDT, I'm now ready to start SHORTING this market as I believe that the price should return between 25k to 20k in a near future.
I also could see 40k/42k or more next year with the BTC halving BUT I'm also staying open minded to a BEAR case as well as shown on the chart.
Technically speaking, I see a triangle formation right now and this tells me that we're about to end a larger figure (wave C)
Sure we could see higher levels and many analysts start drawing a larger unfolding wave C but to be honest this is not what I'm seeing. This current move is a SWIFT MOVE and I'm also expecting an imminent reversal after that triangle plays out.
Furthermore, I'm NOT DAY TRADING BTC anymore BUT I still have an interest into spot trading. I put an alert at the 38.2% level for more than 6 months already.
Just take look at my last Tweet Analysis the 18th of March and you can see that I was pointing that level of confluence (36k).
If I converted pretty much all my BTC into USDT, I'm now ready to start SHORTING this market as I believe that the price should return between 25k to 20k in a near future.
I also could see 40k/42k or more next year with the BTC halving BUT I'm also staying open minded to a BEAR case as well as shown on the chart.