BTC: Obstacle ahead....will go through
Alright, so the ultimate target is 125000€, but before that, BTC has a challenge to overcome.
We're in the final wave of a cycle started in 2011 (I know, this Kraken data goes back to 2013, check Bitstamp) and there still is room to rise.
However, this summer should see a chaotic time with a drop from an expected top at 66700€ down to a first support at 38000€.
A word of warning on this expected obstacle:
- wave 2 of (3) was shallow...so wave 4 of (3) could be deep and that leads to an intermediate trough at 29000€ minimum. Humm, I don't like it, don't want to believe in it!
Anyhow, current trend is in a wave 3 of (3) of [5] so higher highs are expected towards the end of 2021.
wave (4) of [5] is expected by mid-August.
We're in the final wave of a cycle started in 2011 (I know, this Kraken data goes back to 2013, check Bitstamp) and there still is room to rise.
However, this summer should see a chaotic time with a drop from an expected top at 66700€ down to a first support at 38000€.
A word of warning on this expected obstacle:
- wave 2 of (3) was shallow...so wave 4 of (3) could be deep and that leads to an intermediate trough at 29000€ minimum. Humm, I don't like it, don't want to believe in it!
Anyhow, current trend is in a wave 3 of (3) of [5] so higher highs are expected towards the end of 2021.
wave (4) of [5] is expected by mid-August.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.