BitcoinShort
The road to the bottom for Bitcoin
We saw a nice rally before the final leg down. Hopefully I'm wrong but we haven't seen the bottom yet.
Bottom structures are rarely V-shaped (and extremely rarely after an 1 year bear market. It's silly to think that people will magically start buying after an 84% price decrease.
However, there is a lot going on on the stock market right now, which a lot of people think will be beneficial for the whole Crypto Market and especially for BTC.
I think that we have to calm down before another solid bull run.
I expect solid 3rd wave and then a possible jump to mid 3k. Afterwards the 5th wave will probably be very long but not as steep as the 3rd (will play the role of "accumulation").
Bottom structures are rarely V-shaped (and extremely rarely after an 1 year bear market. It's silly to think that people will magically start buying after an 84% price decrease.
However, there is a lot going on on the stock market right now, which a lot of people think will be beneficial for the whole Crypto Market and especially for BTC.
I think that we have to calm down before another solid bull run.
I expect solid 3rd wave and then a possible jump to mid 3k. Afterwards the 5th wave will probably be very long but not as steep as the 3rd (will play the role of "accumulation").
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