Hi you all!
We've been patiently waiting for the best levels to jump back into Bitcoin.
After a week of PATIENCE here I am to bring you the updates you're looking for.
This is the evolution my prediction has been following:
1) This is where all started
2) This is the second update I made
3) This is the las update I made last week
And after a week, we've reached our C target.
The big question is: Is finally the bear rally over?
Certainly there are some reversal signs in some indicators like RSI (check out the bull divergence in RSI)
However most of this indicators tend to go in advance of the price. So another leg down could be also possible
I think we still have a chance to have an extended wave C with one more impulse headed down
Conclutions
My prediction has been a completely succeess yet bear trend has not been clearly broken yet.
I would rather trade a very established bull trend than try to jump in too early. We could be in an extended C wave which could go as down as the previous bottom.
Adding some positions at the previous bottom (making a double bottom) would be my ideal scenario to start building a position into Bitcoin.
Thanks for reading!
