So Bitcoin continues up! Its unstoppable - After this move I would say we have a huge change to see a New All Time High (ATH) in 2019!!
We are not seeing any selling pressure. Its clear, that both Smart Money and Whales have decided that IT IS now. I was hoping yesterday, that the Whales would Stop Hunt down, just to bring some indecision in to the game and make a bit more money, but I guess that it was too difficult and risky of a move.
MEDIA WILL PICK UP ON THE STORY
Now Its all about getting new people into the market. We WILL go above 10,000 USD now (80% likely) - It will not make any sense if we dont.
The reason is simple. Whales/Smart Money want your friends, your mom and dad, and your colleagues to talk about Bitcoin again, and bait them into the market and buy on the 5th wave. And then the greed and euphoria will come back, until it suddenly ends. Nobody has a clue right now how high the greed can take us. It can be 25k, or 30k.
Short Term
This looks like a normal 3rd wave ( I wish it would have been a bit longer - its less than the Golden Ration 161.8% of the 1st wave). Right now we are having an normal consolidation, which is the 4th wave. It could very well be a triangle ABCDE Pattern. I will zoom in later and show you.
BITCOIN 2019 - A Year You Wont Remember
Not only will Bitcoin fare amazing, but if we look at the Traditional Markets like Dow Jones, its obvious, with a big MASSIVE Head and Shoulder Formation, that we will see a Bear Market and Financial Crisis within a year.
And it is definitely not unlikely that will see at least 500B USD going into the Global Crypto Market from Stocks. So guys - the future is really bright!
D4
PS. I just got an invitation from TradingView, and I will be in their TV show called TradingView Sessions. They choose Top Traders, and let them talk about their TA approach. Also I will be talking about Market Psychology. It is on Friday.
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