BitcoinShort
Catching The Next Retracement
Updated
We can clearly see that Elliot Waves fit this initial bull run.
I'm expecting an A - B - C correction which will present trend contrarians with new buying opportunities.
There has not been a significant correction since February and BTC needs to let off some steam.
Currently I believe the following to be true:
- Alts are underpriced.
- BTC/ETH/LTC is overpriced vs fiat.
This is purely speculative and a place to document the bull run.
Make your own decision before investing!
I'm expecting an A - B - C correction which will present trend contrarians with new buying opportunities.
There has not been a significant correction since February and BTC needs to let off some steam.
Currently I believe the following to be true:
- Alts are underpriced.
- BTC/ETH/LTC is overpriced vs fiat.
This is purely speculative and a place to document the bull run.
Make your own decision before investing!
Note
I've also taken a fib time retracement from the last bull run. I expect the next mega wave to start late July / Early September.I will likely start my next accumulation phase in early July.
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