JonGalt_
@t_JonGalt_
What symbols does the trader recommend buying?
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JonGalt_
Expanded flat coming to bitcoin -- 10-14K area will be BUYS .
JonGalt_
Bullish as I think there will be a blow off top at 100-115K this cycle. We seem to be in a wave 4 correction pattern. It looks like we have one leg lower to test the trendline of the weekly RSI. My guess is we are going to have a running flat correction where 60K will be tested one more time after we rally to 73K. I am guessing we start breaking ATH again some time in August, with a peak in September-November.
JonGalt_
Bitcoin - Potential Fall To 55-56K before Wave 4 Bottom Based on the technical structure of bitcoin, I do not think the bottom is yet for bitcoin (wave 4). There is a major trendline that I believe we will retrace and retest before the bottom is in, which seems to be around the 55K area. This trendline has dictated a key area between the bull market and bear market in the last cycle. The RSI on the weekly timeframe has also not reached major support. Every time that support area has been hit during this bull run, a bottom has formed. There is a good likelihood that we pump to around 67-68K and then retrace from there back to 55K.
JonGalt_
Looks like an exhaustive move, with a pullback to 60-61K likely in the next 3-5 days. A higher low will be established, and the longs take it to ATH from there.
JonGalt_
JonGalt_
VWAP, 200 sma, and lower trendline all lining up at around $2700...that might be a local bottom for the crypto market.
JonGalt_
JonGalt_
Bitcoin under 10K within 12 months? It's Possible Watch my video for my reasoning why Bitcoin can get under 10K in the next year. With a potential recession looming, this scenario should not surprise anyone.
JonGalt_
Bitcoin - Long term bearish but support has been reached. I am still long-term bearish (6-12 months) on bitcoin, but we have reached 25K which will act as support once again. We are in neutral territory right now. For the bears to retake control we need to rally and test 25K one more time within the next 2-4 weeks.
JonGalt_
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