Bitcoin is heading to 33k! (REACT FAST)

28. Mai 2023

• We need to react to the recent price action of Bitcoin and switch from a bearish to a bullish perception, as Bitcoin is refusing to drop further and instead is building a very strong bullish base. A breakout above the bullish base is going to lead to a massive pump to 33k!
  
• I was bearish from 30k to 27k, but now I am bullish, and I am already long on several altcoins. I may add a long position on Bitcoin on the breakout of the base or on a pullback at ~26900.
  
• As traders, we need to react to price developments and alter our bias to successfully trade! Probably only a few understand this; if you do, congratulations.
  
• This should be the last pump because I am still expecting a significant crash to 21k to fill the unfilled CME gap. We are going to fill the gap soon or later, and this will be your opportunity to buy cheap Bitcoin!
  
• This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
  
• If you shorted Bitcoin at around 30k, as I told you in the previous analysis, now's the time to take profit and potentially open a long position if you stick with Bitcoin.
  
• So why is Bitcoin going to hit 32k or 33k? It's the FIB extension (classic + LOG) measured from 15476 -> 31000 -> 25811. This gives us targets 31741 and 33656, and I think these targets are very reasonable because I am not expecting any extended fifth wave on the major scale.
  
• From the Elliott Wave perspective, Bitcoin has finished the ABC correction successfully. Wave B was a symmetrical triangle, and we need to be aware of triangles as they occur mainly in waves B and 4. Rarely, triangles also occur in wave 2 of impulse waves.
  
• Overall, buying Bitcoin at the current price for the long term is not worth it because, on the major scale, we are in wave 1 (if you are bullish) and wave 2 is going to send Bitcoin to 21k. As I said before, there is a CME gap and a huge untested triangle.
  
• I expect tremendous gains for the ARPA coin. You can find it in the related section down below!
  
• Thank you, and for more ideas, hit "Like" and "Follow"!
  

29. Mai 2023

Anmerkung

The pump is going to happen, but as I said, I expect a big crash to 21k anyways later this year, so buying Bitcoin at this point is not worth it, but you can open a swing trade now at the retest of the bullish base!

30. Mai 2023

Anmerkung

It's the end of the month, and the monthly candle closes tomorrow. As you can see, the candle has a long wick, which can be interpreted as a rejection. The next month could be bullish, as per my analysis.