Hey Steamians...
Quick update on price action from bitcoin. Right now we are seeing very shallow correcting waves...this occurs with heavy buying. There are still ABC formations but very shallow. Only typical in Third waves or sometimes Fifth waves. Has to do with social economics. Which is the context for Elliot wave.
As you see above I don't have too much mapped out with the latest rally but just look at it. This is very strong buying PERIOD. We will see it break thru 10,000 possibly before april with the current buying action... And when it does The FEEDING FRENZY WILL BEGIN.
Imagine pacman and instead of dots he eats bitcoin. That's is what this will be except with many more pacman's.
5 trillion is coming into this market. Now is the time to make a decision and get in or regret it one day. Always do your research. You can do your own or buy from a person with a lot more knowledge on the subject than you.
That's it for today. SEE EVERYONE IN PUERTO RICO WHEN U CLAIM YOUR CRYTO PROFITS TAX FREE.
Thanks for reading. AN UPVOTE is greatly Appreciate it
5 trillion?
Yep you got it. Don't believe me? Basically jp Dimon called bitcoin a fraud...Then they write a report dubbed the cryptocurrency bible and in that report it says how cryptos can actually hedge portfolios against losses in the stock market since cryptos are uncorrelated to the market. Once they make a Fund that holds actually bitcoin...Every pension and hedgefund with be acquiring a pc. Plus we are in A Cycle Third wave right now. It makes sense if you understand the environment we are in