Paraman666

BITCOIN - boring period coming ?

BITMEX:XBTUSD.P   Bitcoin
We already know, that BTC set some midterm top at 65k. In my wave count (this is not just "my" wave count, all eliott wave traders are probably considering this wave count), I think this top at 65k was the top of the wave 3 and now we will see wave 4. Triangles are very usual in waves 4 and if we consider the previous wave 2, I think we might go sideways for the rest of the year. Sentiment is currently in "extreme fear", so I am not expecting any more downside, at least in next weeks.

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