COVID-19 turned the global markets rout.
Here's my thoughts on BTC though.
1. BTC possibly bottomed at $3,850. If it holds true, then BTC will be rallying to wave 5 or at least reach $14,600.
2. If bottom not yet reached, I'm looking possibly below 3K to 1K as wave 2. And wave 3 to follow, targeting at the minimum $14,600 or even higher as wave 3 should not be the shortest among waves 1,3, & 5.
Either way, I think it's better to accumulate slowly. Wave 5 will go up or Wave 3 will also go up.
This is my personal opinion only and should not be taken as trading or investing advice. Please trade at your own risk.
Here's my thoughts on BTC though.
1. BTC possibly bottomed at $3,850. If it holds true, then BTC will be rallying to wave 5 or at least reach $14,600.
2. If bottom not yet reached, I'm looking possibly below 3K to 1K as wave 2. And wave 3 to follow, targeting at the minimum $14,600 or even higher as wave 3 should not be the shortest among waves 1,3, & 5.
Either way, I think it's better to accumulate slowly. Wave 5 will go up or Wave 3 will also go up.
This is my personal opinion only and should not be taken as trading or investing advice. Please trade at your own risk.