Well that was quick. Everything I talked about in my previous post has already transpired. This is the power of Elliot waves when counted correctly on different degrees. https://www.publish0x.com/the-infinite-banker/bitcoin-bottomed-ta-update-xmkjxmy
Just follow the article trail if you want some insight into EW
Moving on...
Below we have already hit my target of get ready to put the rest of your investment in because it looks like we are testing this trendline atm and will be rallying up to the next descending trendline which is shown in the next photo. We will explore a bit more evidence of a bottom.
Below we have 2 red circles... they correspond with the circles below on the Rsi and macd Indicator. First, We see the first white trendline pierced and are waiting for a close. Then the next challenge will be at 36k which is around the other descending trendline.
Second, we divergence on the Macd and Rsi with higher lows on each indicator on the 4 hr. These circles correspond with elliot waves explained in previous articles https://www.publish0x.com/the-infinite-banker/bitcoin-bottomed-ta-update-xmkjxmy
What I believe we are witnessing is the birth of a new Five wave minor degree rally that should last till June-ish. There are time signatures reasons within the waves that give me the opinion... Also, I am borrowing experience from the 2017 Bull market I got to experience when I first bought Eth at 11$... It changed my life... And I expect with my crypto and alt coin port.... this year is going to make GME look like child play... That will of course happen in the fourth quarter of this year as that is the seasonal topping for bitcoin... Alts usually top a month later judging by 2017.
This time could be different... however, I'll let my waves do the talking...
Until next time
Btc is a buy up to 40k
Let's Decentralize to World, Follow to catch new updates.
