So where will it go now, as the BTC world turns to euphoria? What will wall street do. It could go up, yes ... but at some point it will drop. The question is when. I don't know that, and it is clear most traders don't either. All I can say, according to the past, is what I think is key to determine sentiment and where I think it can go. At this stage, if we have topped out on wave 4 now, and EW theory holds true (although we already broke some principles), then the bottom in the mid term is estimated to be as low as 5.4k. It can bounce at 6k too!
Anyhow, too many times I've been hypnotized by all the green, and then caught in a blood bath the next day. Not today, I'm starting to cash out and lock in my profits. Maybe I'm wrong ... but I'm very confident about one thing ... wall street always win. I'll be ready, either way they take it!
Remember only a fool relies on one outcome.
Do not use this for investment decisions. For educational purposes only.
And also, are you saying it's impossible to go from an impulse up to 19.7k and then into an impulse down?? I don't think so, not with a correction like we're having now.