BITCOIN: The last leg down is unfolding
Updated
The last leg down is now active (wave 5 down).
For now wave 5 has a target around $25000 but this can change, so we need to wait for better levels to buy.
Plus we need to have a confirmation of a bottom and a change of trend.
This overall correction of Bitcoin (same for other Cryptos), will create an excellent opportunity.
I would like to see more panic, more "blood in the streets" of Crypto investors/speculators in order to increase my positions.
I continue to maintain much higher levels for BTC and I am a long term investor.
Why ? Because its the future.
Because big banks have already created entire departments for Cryptos and lower prices will be welcomed.
Funds have also been created for Cryptos investments and much more will come in this market which has just started to attract interest from traditional investors.
And one more thing: Based on what I see until now in equity markets, I am not concerned about the long term trend.
Yes there is all this inflation discussion but there is so much liquidity out there.
As soon as BTC and others will bottom from this 5 waves correction, I will buy. That's my opinion.
Please make your own research and analysis before deciding to invest.
Please manage wisely your investments. It's not a 100m run but a Marathon.
For now wave 5 has a target around $25000 but this can change, so we need to wait for better levels to buy.
Plus we need to have a confirmation of a bottom and a change of trend.
This overall correction of Bitcoin (same for other Cryptos), will create an excellent opportunity.
I would like to see more panic, more "blood in the streets" of Crypto investors/speculators in order to increase my positions.
I continue to maintain much higher levels for BTC and I am a long term investor.
Why ? Because its the future.
Because big banks have already created entire departments for Cryptos and lower prices will be welcomed.
Funds have also been created for Cryptos investments and much more will come in this market which has just started to attract interest from traditional investors.
And one more thing: Based on what I see until now in equity markets, I am not concerned about the long term trend.
Yes there is all this inflation discussion but there is so much liquidity out there.
As soon as BTC and others will bottom from this 5 waves correction, I will buy. That's my opinion.
Please make your own research and analysis before deciding to invest.
Please manage wisely your investments. It's not a 100m run but a Marathon.
Note
Now there is panic: GOODNow there are plenty of negative comments as to Cryptos: GOOD
Now wave 5 is unfolding faster: GOOD
This week will be very important and I hope that the selloff will intensify.
Winstox
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