Presentation
For those who do not know my presentation, the coloured lines are the trend. The trend is down.
So we are in a correction as we move on to the end of the month of May.
The yellow lines broke the other lines and this is an acceleration of the corrective move.
In addition and very important is the fact that the price is now below all coloured lines.
As to the numbers you see this is my count as to Elliott Wave analysis so more pressure is expected to end the 5.
My opinion
This is a correction and when it will end an opportunity will rise.
I am a long term investor in some Cryptos therefore I do not sell and use the corrective periods to add to my positions.
BTC is one of these Cryptos, so as soon as I have proof that the correction has ended I will buy more.
My 1st longer term target for BTC is USD 100,000 and the next one is much higher.
This is my view, I may be right or wrong.
Please do your homework and be careful when and where you invest your money.
For those who do not know my presentation, the coloured lines are the trend. The trend is down.
So we are in a correction as we move on to the end of the month of May.
The yellow lines broke the other lines and this is an acceleration of the corrective move.
In addition and very important is the fact that the price is now below all coloured lines.
As to the numbers you see this is my count as to Elliott Wave analysis so more pressure is expected to end the 5.
My opinion
This is a correction and when it will end an opportunity will rise.
I am a long term investor in some Cryptos therefore I do not sell and use the corrective periods to add to my positions.
BTC is one of these Cryptos, so as soon as I have proof that the correction has ended I will buy more.
My 1st longer term target for BTC is USD 100,000 and the next one is much higher.
This is my view, I may be right or wrong.
Please do your homework and be careful when and where you invest your money.