BTCUSD
Hey everyone,
2M chart here.In the whole BTC history we have 3 clear peaks that we can assume that were the tops of each of the impulsive waves(bull markets) that we have ran till now
We have huge bearish divs in the RSI for wave 3 and 5.
We also have much bigger divergence between the 3rd and 5th wave of the larger 5.(+slight bear divs in the OBV)
Because of these and as we have those signs on very high TF's we might be ready for a larger correction for the next 6-9 months
Pandemic covid-19 and new variants that coming out + lockdowns that might occur worldwide could help that scenario to take place and more manipulation will come.
BUT fundamentals of bitcoin dont change..For the long term bitcoin will make new highs and will get much more supporters due to higher and higher inflation so dont get fooled because of some months of downside
Happy new year everyone ,stay safe ,trade safe
If you like that idea give it some love- like+share ( ok lets be true,no one ,even me, would like that idea but as a trader you have to think and get ready for both directions)
Cheers ,Alex