Roadmap update

已更新

Trading is 100% about perspective -

Many people think markets only go up. And for some time, they sure feel like that. I wanted to highlight, the moves we have spoken about since covering BTC and highlight where we are in this cycle. Knowing is useful and for a longer term "investment" I have specific criteria I want.

I must say I have been very grateful for the opportunities in crypto, and Bitcoin over the years. Been investing in BTC since 2011. So by no means a perma Bear.

Here's an update of the view I shared in March and as you can see - no surprises or deviations here. Am I long again yet - well, no! Not yet. Here's the logic for why not yet.

In March this year I posted a post below; March the 18th.

Then followed through with an exact location map on March the 26th.

Both are following suit. And here's the updates.

And the Elliott wave;

So what's changed? Well not much to be honest.

Looking at the Fib extensions; I feel we might not go as high as initially forecasted before the monthly 4 starts on it's journey, the momentum is feeling very similar to the BC, UT and now expecting a type of UTAD in Wyckoff terms. These all marry the Elliott extension levels.

When the time is right I'll be jumping back in - not shorting, but not long "YET"

Here's the Wyckoff lesson at the top of the previous ATH.

Take it easy!

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

注释

The price is becoming more and more institutionalised you can see from things like the Forecasted levels back in September (prior to price entering these levels EVER). That they can be pretty concise as a whole.

注释

Before;