Bitcoin for the last several months has been in a strong bear market. After the strong 5 wave rally Bitcoin has been in a very long correction phase and formed a perfect expanding triangle. The most recent bear market was the final “E” wave of the expanding triangle. Price also perfectly bounced off the .786 Fibonacci level and bounced off the triangle border. The final wave consisted of smaller correctional waves that also had corresponding Fibonacci extension levels (not charted) that matched up perfectly with the .786 level.
Bears are overextended, oversold, and too bearish at the moment. Buy when others are fearful and right now people believe this rally will fail. There might be a pullback but the key word is “might”. This is a strong reversal and a once in a lifetime opportunity to get back into most altcoins. Good luck traders
Bears are overextended, oversold, and too bearish at the moment. Buy when others are fearful and right now people believe this rally will fail. There might be a pullback but the key word is “might”. This is a strong reversal and a once in a lifetime opportunity to get back into most altcoins. Good luck traders
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