Bitcoin has been pumping heavily in past days! And this trend will likely continue the whole month of October. We have a very likely scenario that will probably happen on Bitcoin, and in this analysis I will tell you which one!
The Elliott Wave theory is one of the strongest tools that you can use to analyze the crypto market. Why? Even banks use this theory, and they pay in gold to expert Elliott wave analysts. What we can see on the current chart of Bitcoin is that we are clearly in wave 3. Wave 1 and Wave 2 are also very clear, so it’s really hard to argue against this Elliott wave count because it’s pretty much a textbook example. That’s very exciting because we can predict the future with a high probability of success. I drew an arrow on the chart so you see this prediction without any misunderstanding. Together with the blue long-term trendline, I think we have an extremely strong resistance. If you sell Bitcoin here and tell everyone that you sold the top at 131K, I would consider it a huge success.
What about an alt season? I expect a strong alt season at the final stage of the bull run! And it should start anytime soon. Buying altcoins seems to be a very clever idea, or exchanging bitcoin for altcoins as well. All we need is the BTC.D or BTCDOMUSDT.P to go down, which you can see for yourself on TradingView.
So I think you see my prediction and I hope you like it! But what altcoins to buy? Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
