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Techmology

Boogie Bear Catching some Zzzzzz, Traders have panic attack

Long
Bitcoin (COINBASE:BTCUSD)  
Techmology Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Wave Analysis Gann
2
0
trendanalysis waveanalysis gann
Missing the dip guys. Boogie Bear PTSD is real.
Comment:
I'd like to note it seems people are expecting BTC to do what much younger alts are doing. It's the other way around. BTC is in a different cycle than the others and is behaving in that way. Alts are following what BTC did years ago. BTC is the Chicken and the alts are the eggs. We're nearly confirmed on a wave 5 to a new ATH and a capitulation that follows the year after. If BTC were to capitulate now AND next year, that would be a sign of it's death and or complete irrelevance in no uncertain terms. No responsible investor wants to buy into an unhealthy asset signaled by concurrent capitulations. Unless you suspect BTC will cease to exist or be handed back to bedroom miners, It's not reasonable to expect much more downside potential if any. Please make sure you have a reasonable understanding of larger market cycles and how they apply here before you flame me. This will remain available for the world to see long after you've posted. This is more than just comparing scary primary wave 2 fractals. Remember, in EWT, wave 2 and 4 behave in different ways. One is always a slow gradual slope, one is sharp and steep. Neither capitulate until after wave 5 to the .786 retrace also known as a "bubble" But that's just a scary word for people who know no better.
Comment:
One other thing I'd like to add, I see a lot of feer based on the monthly charts. Monthly applies to BTC lime Daily does to alts. When alts are in the second half of the larger cycle up, they remain overbought until the entire cycle completes. Monthly can be expected to do the same for BTC. The following correction which will return us to or near the area we are now (depending on the next ATH to measure it) after we complete the next wave up. We really need to heal our fears and refocus on learning and growing the ecosystem again. It's going to be a fantastic year fur us folks! Get excited!
Comment:
damn, sorry guys. Typos!
Comment:
BTC is tracking nicely and as noted in the initial formation albeit with a very slightly different lower trend line at this time. Pres play and have a look!
Comment:
We continue to outperform mu bullish expectations!
Trade closed: target reached
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