Hi folks, this is just a thought as we wait to see BTC's next move. Will it go to 9000 before reversing, or higher from here? Or, perhaps we are on the edge of the 3rd move down before moving higher?
I'm no pro, so please tell me why my idea is flawed, or, why you agree...
Think your guess is as good as anyones. I haven't had time to really chart btc in a while. Given its nature I prefer to just swing trade it. But I did read a article earlier where a Goldman rep said its on the 4th wave of the impulse. If that is true what you can expect is mainly a consolidation phase for a while, Eventually the 5th wave will trigger and more then likely push it to your 9000 figure. Followed by a the normal correction back down to the 7000s most likely. Good luck