Trend waves are powerful with lots of volatility, unlike retracement waves which often happen in a range or regression channel with low volatility.
The Weekly trend on BTC remains bearish with lower lows and higher highs.
If we are in the last big wave 5 of bearish impulse (in red), then we are now in sub-wave 3 of bearish impulse (in yellow) which can bring us back towards 14.5K in confluence with the 50 % fibo (from 3K to 69K), and the peaks of long liquidations on the kingfisher map, and the support at 14.5K former resistance of the last bear market of 2018/2019.
I think we will have a lot of volatility in the coming weeks before we reach the bottom of sub-wave 3 on the 50% fibo at $14677 and then we will have sub-wave 4 bullish up to $18333 at $19445 before starting the final and last sub-wave 5 of the big wave 5 of our Bear market to mark a bottom.
Basically, I'm medium-term bearish (Weekly) and long-term bullish (Monthly), but no one can predict the future, so I have DCA a small part (5%) of my stablecoin towards 21K on my long term cryptos and I would continue the same towards 19K, 17K, 15K up to 10K, finally most of my stables I would put it from 15K up to 10K...and if the price will go without reaching the low points I am already on the train and I would still take a position on confirmations of a change in structure from bearish to bullish in Weekly.
https://www.tradingview.com/x/4ZOZCiQe/
👉 Follow the links below to the best & Secured Exchanges that I use for trading & often gives rewards for using their platform like Learn & Earn Program, making deposit & Trading on spot or Futures, Trading Competition, ...etc.
📈 Binance: https://www.binance.com/en/register?ref=12258276
📈 FTX: https://ftx.com/#a=1768923
📈 Coinbase: https://www.coinbase.com/join/amine_f
📈 Bybit: https://www.bybit.com/app/register?ref=7Wgmj
📈 Phemex: https://phemex.com/register?group=718&referralCode=BAR9K
📈 Bitmex: https://www.bitmex.com/app/register/xXePh3
📈 Kucoin: https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d
