BITCOIN CYCLES
May 31, 2021

BTCUSD

Hello traders! Long-term play on cryptos can be much easier if we wait on big dips and also consider the time perspective. If we look at past BITCOIN cylces we can see nice reversal up after 70-90% pullback which seem to be very normal for this market.

We have no idea where market will go from here, but it can be easier to invest if we wait on that potential dip and little bit longer correction in time as well. All I know is that it’s too early for me to invest anything longer-term. If I get that dip it can be attractive but till then only watching. Let it unfold…



BTC/USD cycles: 70-90% dips are normal by ew-forecast on TradingView.com

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