Bitcoin, Bitcoin & ... Bitcoin!
In these last few days, Bitcoin has definately given us a scare.
But should we see this as our last chance for a cheap entry into the market?
Or should we set ourselves into hibernation and try forget about crypto for a while?
Here is my opinion on the matter!
As we saw all time highs back in December - January
attached with this was what i see as a Distribution Phase in Wyckoff Theory
The distribution phase is when a security/share/crypto etc is overbought and big interests in the market begin to take profit and offload their investments
After the distribution phase passes, then comes the accumulation phase
Are we in that phase? I can not say with certainty just yet but what i can see at this time is multiple touches on a trend line starting back on the 12th of November 2017
This brings me to my 2 possible counts
PRIMARY COUNT
This count is definitely the count I would like to see happen along with thousands of other people!
This has bitcoin ready to break through resistance and out of the triangular pattern into the land of WEALTH!
SECONDARY COUNT
This count is the one which we must be prepared for, as much as we would like Bitcoin to run and as much as I believe Bitcoin will run. Anything is possible.
I am more bullish on Bitcoin now than I have ever been before!
I believe Bitcoin has a future far greater than what we know today
Give it time like any good thing, it will reward you in the end!
PS: I am new to steemit, any tips on how to vote and upvote etc would be greatly appreciated!