BTC update 22.04.18

Here is again the bigger picture of BTC. Why am I showing this? Because it is decision time again:

Bitcoin BTC_USD(3).png

BTC is literally at a cossroads. It broke the downtrend and is now within the old uptrend again, but there is a problem:

BTC is likely still in yellow wave 5.

The coming correction will likely bring it back down again like this:

Bitcoin BTC_USD(3s).png

At the wave 2 low BTC has to show some good upward momentum, which is what we will be looking for.

The only good thing about this is: IF we see it develop like in this last pic, the chances of BTC dropping down to 4000 later this year will be very low... Stay tuned...

image (5).png
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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