If you followed our previous update you know that we are counting down to the bottom which is projected at around 7550 level.
The way to get there is in waves and so far we bounced off the 8800 level and then stopped the climb at 9400 level, which some of our followers traded and managed to take quick profits. We stand by the original projection and are waiting for 7800 level followed by a quick bounce and another final dip to around 7550 after which we should enter a bullish run to 12.500 levels.
I am looking to trade these long waves so I am currently 50% long with around 25% buy orders near the projected bottom. Again, I wouldn't short here as you never really know when the trend may turn. Also recently BTC has been moving slowly within some ranges, please be advised that if it rises for few hundred dollars it may be just temporary as for a trend to change we need huge and quick dip followed by huge volume of purchase orders that should close the dip, only then we can be more confident the third bullish wave is coming.
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The way to get there is in waves and so far we bounced off the 8800 level and then stopped the climb at 9400 level, which some of our followers traded and managed to take quick profits. We stand by the original projection and are waiting for 7800 level followed by a quick bounce and another final dip to around 7550 after which we should enter a bullish run to 12.500 levels.
I am looking to trade these long waves so I am currently 50% long with around 25% buy orders near the projected bottom. Again, I wouldn't short here as you never really know when the trend may turn. Also recently BTC has been moving slowly within some ranges, please be advised that if it rises for few hundred dollars it may be just temporary as for a trend to change we need huge and quick dip followed by huge volume of purchase orders that should close the dip, only then we can be more confident the third bullish wave is coming.
Follow and subscribe for more updates.
