You are viewing a single comment's thread from:
RE: Bitcoin (BTC) Morning Update: Lower Low Would be Preferred. Why?
Thank you for your post haejin!
There is one thing I can't understand...
If 19k was a big degree wave 1.
It took 5 years to get there.
How can we finish wave 2 in just 4 months?
A very short wave lol. Also coin maturity would change that. Think of Bitcoin 5 years ago and compare to where it is today. The start is always the longest and slowest period. The coin is fairly mature so time frames will speed up. Hope that makes sense.
It does seem like things are moving rapidly however I don't believe we will trend upward until there is a change in sentiment. The trend is bearish but it seems that hopefully we are approaching the end to the downward pressure. Regardless unless sentiment changes there will be no sustainable action upward in my opinion.
Because Haejin TA Charts are something like this.
No matter what you always go to the MOON!