BTCUSD: Oversold (Potential completion of 5 waves)
I am not calling for a further short of BTCUSD since my last 2 calls had proven correct already. Neither am I calling for long. If anyone had profited from the bitcoin shorts, I think now is time to close out the shorts.
Interestingly, Bitcoin narrowly missed breaching $20,000 and Etherum also narrowly missed breaching $1000. I do not believe in coincidence. There must be efforts in the crypto communities to prevent that in order to avoid catastrophic meltdown (at least temporary). That also means that I do believe that the markets (not only crypto but generally all markets) are manipulated to certain extent.
In any case, it is time to be in observation mode and we’ll see how the next steps should go.
Interestingly, Bitcoin narrowly missed breaching $20,000 and Etherum also narrowly missed breaching $1000. I do not believe in coincidence. There must be efforts in the crypto communities to prevent that in order to avoid catastrophic meltdown (at least temporary). That also means that I do believe that the markets (not only crypto but generally all markets) are manipulated to certain extent.
In any case, it is time to be in observation mode and we’ll see how the next steps should go.
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