Bitcoin Update: Roadmap to $16,000

btc.PNGHere’s the update on my last post where I noted BTC might have completed a leading diagonal for intermediate wave (A) of primary wave [2].  If correct, then we should see BTC retrace ~78.6% of the wave (A) pullback in wave (B) and from there we should see another big leg down to complete primary wave [2].  My play once again is to begin to exit around the 61.8% retracement level and to be in cash by the 78.6% level.  If I’m wrong and BTC breaks down, then I’ll exit if it takes out the low, and I’ll re-enter should it make new highs after breaking through 78.6% retracement level.  Obviously, I’ll be updating along the way.

If you enjoy the blog, then tell your friends about it or any crypto communities you frequent.  Cheers.

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