Intermediate wave 5 is at least a month or two away, so until that happens, I anticipate a pullback/corrective wave underway -- especially if BTC moves back under $15k (fib retracement 0.146).
Also to note that Elliot Wave shows BTC is underway on a Primary Wave III uptrend, so a diagonal wave is unlikely -- which indicates that BTC's support level of Intermediate Wave 1's high is very solid at $12.4k.
Sell considerations:
- Bitcoin is overdue a healthy correction
- Markets are uncertain as us elections shenanigans play out
- % of BTC in profit signals a profit-taking selloff is historically warranted
- Hodlers are wary of hodling BTC and looks for outs as govts take tough stance on exchanges
Buy considerations:
- Primary Wave rally is still underway. (Long term)
- Dollar-cost-averaging is awesome (means you will always buy the least when prices are high, and buy the most when prices are low)
- Because you love Bitcoin and what it stands for.
Also to note that Elliot Wave shows BTC is underway on a Primary Wave III uptrend, so a diagonal wave is unlikely -- which indicates that BTC's support level of Intermediate Wave 1's high is very solid at $12.4k.
Sell considerations:
- Bitcoin is overdue a healthy correction
- Markets are uncertain as us elections shenanigans play out
- % of BTC in profit signals a profit-taking selloff is historically warranted
- Hodlers are wary of hodling BTC and looks for outs as govts take tough stance on exchanges
Buy considerations:
- Primary Wave rally is still underway. (Long term)
- Dollar-cost-averaging is awesome (means you will always buy the least when prices are high, and buy the most when prices are low)
- Because you love Bitcoin and what it stands for.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.