Yep, as you read in the title, I am quite positive towards BTC in MID-TERM, actually I don't see a reason to be concerned for the moment since it is correcting smoothly and following what we can identify as "usual" structure.
I am still playing the option on which I bet that the correction is IN as a WXY correction but I am cautious to see if the current structure evolves in a more complex one which would push BTC even a little bit lower.
As I said, both options are Bullish Mid-term, however, the first implies a rebound on the current level of prices, confirming the new Subcycle up (5 waves in blue and green Arrow). For that to happen the 30880 USD MUST HOLD.
If not, the WXY correction would evolve as a WXYZ correction, leading the price towards the next important support at 27200 USD.
Both supports look quite strong but perhaps the lower is even more...in any case, it's just a question of time and PATIENCE but it is good to have both scenarios in consideration, in particular if we have open positions.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Only a fool would sell at this point. Times we're currently at are similar to beginning of 2017 and we all know what happened at the end of that year.
Posted Using LeoFinance Beta
Agree, but, you know, I'm always evaluating positions 😀
I know. I'm commenting as such because I'm a lousy trader although I could have made some good money the past days with UNI. Planning on holding it for some more months though. Maybe a year.
Posted Using LeoFinance Beta
No problem dude, and, please, stop thinking you are a lousy trader, it is better for the mental health 🤣
I console myself with the idea that I am a good investor
Posted Using LeoFinance Beta
Better than that, you are a long term trader ;-)
Kind of... :)
Posted Using LeoFinance Beta