I'm reevaluating my prior count. I don't think the 5th wave ever completed. The wick that touched $7,500 was a bull trap. I'm disregarding it and forecasting a new low of $7,000. Once that completes, wave 5 will be done. From there we should enter the ABC correction as charted. Now I could obviously be wrong on this. I can't tell anyone what to do, but if I had bought the last dip, I'd just hold. Even if it goes back down, expect a quick uptrend once bottoming out. If I had not yet bought, I'd wait and start lattering my buys below $8,100 down to $7,000. If it never gets that low to trigger a buy, I'd wait until Bitcoin breaks through the critical resistance area of $10,100 to confirm the uptrend.
Right now, I feel whales are laying their final bull traps. They would love to give you false bull signals so they can short the market further. Only when we get a strong breakthrough past $10,100 will I be confident we're in an uptrend. That might happen today...or it might not happen until later next week...but it's coming...and I'm excited for it! Be patient, smart and most of all, BE READY....2018 is going to be one hell of a ride! I welcome your comments, thoughts and criticisms. Cheers!
Right now, I feel whales are laying their final bull traps. They would love to give you false bull signals so they can short the market further. Only when we get a strong breakthrough past $10,100 will I be confident we're in an uptrend. That might happen today...or it might not happen until later next week...but it's coming...and I'm excited for it! Be patient, smart and most of all, BE READY....2018 is going to be one hell of a ride! I welcome your comments, thoughts and criticisms. Cheers!