Let's talk about the big trend.
We are waiting for E wave of the triangle.
It took 1 month from point A to point C, so we may anticipate for wave E to finish around early June.
That's when the big bull run will start.
If you enter long position then, 129% Profit is expected in the short term.
We may even make an all-time high so this is when everyone can start their hodl again.
So for now let's just wait for the price to reach it's bottom.
If you are a bitmex user, you can try a short position when we have a small bounce back to near $10k.
We are waiting for E wave of the triangle.
It took 1 month from point A to point C, so we may anticipate for wave E to finish around early June.
That's when the big bull run will start.
If you enter long position then, 129% Profit is expected in the short term.
We may even make an all-time high so this is when everyone can start their hodl again.
So for now let's just wait for the price to reach it's bottom.
If you are a bitmex user, you can try a short position when we have a small bounce back to near $10k.
Note
The evening start pattern has finished. Confirming the downward trend.
Note
Note
Since we've had huge buying power at point A, I think we may not reach the bottom of the triangle. I've added some support lines. Still the major trend hasn't changed.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.