Bitcoin at the End of Wave 5 or are we Just Getting Started?

mannyhernandez (25)in #bitcoin • 7 years ago (edited)

Last few days have being quite crazy for BTC. Most Expert Traders are not able to come to an consensus on what is happening.

Many say that a Correction is due while others say that we are just getting started on what is going to be a nice Bull Run.

Something is for sure. For the first time in History Institutions will be able to trade futures. Some people think that the run we experienced in the last few days was coming from institutions getting ready to short BTC when they go live this next week. In the other hand other people think that the bull run is because the massive media exposure that bit coin has received in the past few weeks again due to the futures being launched and FOMO kicked in big time.

To be honest nobody knows what will happen once futures trading starts tomorrow night. But one thing we can be assured of it will be front page come Monday and CNBC will be updating every 10 minutes. I can not remember in my lifetime there ever being so much hype around an IPO or any other product being introduced into the market. So the only thing we can be assured of is the hype, and the possibility of market swings. So what can we do. Well quite frankly if your long term nothing, just hold through all the hoopla.
-goldfbug1

While checking my chart I do think that we might be at the end of Wave 5 (I am no expert trader) but many Reputable traders around the web have similar analysis

This is how my possible out come looks like:

Image of TradingView

The reason I think this could be the play is because there are 2 Airgaps in the chart and never in history BTC have had any Airgaps so I honestly think somehow no matter if is short term or long term the gaps would get filled out.

In the Other had other Reputable traders think that this is Wave 3 and that Wave 5 is sitting around the $26,000 Level

For Example @haejin posted earlier today this possible outcome.