This is very simple wave theory here.
I was sussing BTC the other day and this wave count just jumped out at me. like it just made sense and it made me realise that despite all the hype. we all need to plan an exit strategy.
I do believe that the top will be reached at the advent of the next runup. I'll have my stuff all on exchanges at that stage to begin selling.
don't believe what the youtube videos are saying and don't believe the news articles that you read.
Tesla buying BTC? true.
Tesla buying in January? False, completely false.
TESLA are the guys buying when BTC was unknown, 3k, 10k, 5-9k, if i had to guess they were buying early 2020. They release this stuff to the news so that normies pile in and put their hard earned money in.
i hate to say this, but imho crypto is all BS. i don't even know what the technology does and I doubt many people do, other than the diehard crypto fans.
all i know is that markets move in cycles. we are nothing in the grand scheme of things, pawns being played by the big guys.
if the count is correct, we're currently in a wave 3 of a 5 wave impulse which is all contained with a wave 3 of a 5 wave supercycle impulse.
our current wave 3 cycle is finished, we should see a wave 4 appear, then a final wave 5 which would finish off the wave 3 supercycle impulse. After that we should see some form of MAJOR correction, touching some form of Weekly OBs, rn the only Weekly OB that I see is the one at 28-38k. If we go that far, it should be a wick, since we are in a bullish market.
still buy on dips xd.
Then it will be the final wave up. Back in 2017, I noticed that wave 5's were the most parabolic, most aggressive waves, but then again, our current wave 3 is very parabolic and very aggressive so who knows. Crypto has aggressive wave 5's, textbooks will say that wave 3's are the most aggressive, you're call. I'm being prepared for both situations.
Watch BTC, as it's a leading indicator for the entirety of the crypto market.
Then watch ETH as it's a leading indicator for the alt market.
Make your bank in alts, or whatever idc.
don't actually do what i do. wtf do i know about trading xd
I was sussing BTC the other day and this wave count just jumped out at me. like it just made sense and it made me realise that despite all the hype. we all need to plan an exit strategy.
I do believe that the top will be reached at the advent of the next runup. I'll have my stuff all on exchanges at that stage to begin selling.
don't believe what the youtube videos are saying and don't believe the news articles that you read.
Tesla buying BTC? true.
Tesla buying in January? False, completely false.
TESLA are the guys buying when BTC was unknown, 3k, 10k, 5-9k, if i had to guess they were buying early 2020. They release this stuff to the news so that normies pile in and put their hard earned money in.
i hate to say this, but imho crypto is all BS. i don't even know what the technology does and I doubt many people do, other than the diehard crypto fans.
all i know is that markets move in cycles. we are nothing in the grand scheme of things, pawns being played by the big guys.
if the count is correct, we're currently in a wave 3 of a 5 wave impulse which is all contained with a wave 3 of a 5 wave supercycle impulse.
our current wave 3 cycle is finished, we should see a wave 4 appear, then a final wave 5 which would finish off the wave 3 supercycle impulse. After that we should see some form of MAJOR correction, touching some form of Weekly OBs, rn the only Weekly OB that I see is the one at 28-38k. If we go that far, it should be a wick, since we are in a bullish market.
still buy on dips xd.
Then it will be the final wave up. Back in 2017, I noticed that wave 5's were the most parabolic, most aggressive waves, but then again, our current wave 3 is very parabolic and very aggressive so who knows. Crypto has aggressive wave 5's, textbooks will say that wave 3's are the most aggressive, you're call. I'm being prepared for both situations.
Watch BTC, as it's a leading indicator for the entirety of the crypto market.
Then watch ETH as it's a leading indicator for the alt market.
Make your bank in alts, or whatever idc.
don't actually do what i do. wtf do i know about trading xd