Wednesday update - Wave (b) likely!

Mar 15, 2023

Welcome back to our Wednesday update

Like I mentioned in the video, we suspect that the whole pump of the last days resembles a wave (b) and I explained that an expanded flat or running flat might be the most likely patterns to unfold in bitcoin.
For everyone who wants to learn more about corrective patterns, the following website provides helpful information in chapter 5.

Note: This isn't an advertisement and i don't have any business relations with the creators of this website.

elliottwave-forecast.com/elliott-wave-theory/





Please note that we are already invested in Bitcoin since the 15th of June, back then we announced our first positions here on tradingview.


Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$

Mar 17, 2023

Note

We are getting close to the last high at 26'529$, if bitcoin manages to break above the 1.386 our wave (iii) scenario gets activated.

Would be lovely to see this happen because then we wouldn't have to deal with a wave (c).


Fingers crossed, let's see what happens...