BTC Enters its 4th Wave Down

27 thg 9, 2019

After watching the market these past few years, one thing I have learned is that you stick to trading the TREND. The trend doesn't lie and usually gives you a clear indication of the next phase in price action and direction. The Oscillator I have has shown that we saw 4 waves up since the start of the run in april, and now we are entering the 4th phase down which should take us to about a 74% retrace from high (13K we hit this year) which should bring us to around the 5-6k area. After that we will enter the next parabolic run phase which should take us to a new ATH. Until then, be careful, trade with the trends and expect further downward action until wave is completed. I'll keep you posted!

Good luck and as always, when in doubt, sit it out.