Bitcoin madness

BitCoin doesn’t need any explanation, especially lately when everyone is invested in it and even big players are getting in. Short-term trading BitCoin can be very lucrative but dangerous as well.

At previous highs close to $20.000 mark many have taken mortgages to buy BitCoins expecting it to reach $50.000, $100.000. Price went down in a very volatile fashion making low close to $3000.

The previous high close to $20.000 was in fact the cycle wave I. Price declined in an abc correction into cycle wave II low just above $3000 and then started a new impulse wave which isn’t over yet, the cycle wave III.

Price made primary wave 1 and wave 2 rising toward top of wave 3. At some point the price will pull back into wave 4 and make last impulse wave 5. This cycle is far from over although BitCoin is close to $60.000.

A call for long has been posted on March 13^th 2020. after the primary wave 2 low at 5827 with harmonic target at 16304.

IDK if $BTCUSD #BitCoin respects any #harmonics but here we have a potential #Gartley with completion @ 16300 pic.twitter.com/33eFplEDhJ
— 𝐅𝐗 𝐈𝐌𝐏𝐄𝐑𝐈𝐉𝐀® (@fximperija) March 13, 2020

Exactly 8 months later, on November 13^th 2020 BitCoin reached harmonic target at 16304.

Well, Ladies & Gentlemen I announce that #BitCoin has hit my #target @ 16304 I called on Mar. 13th @ 5827 pic.twitter.com/hLOPCRqOhM
— 𝐅𝐗 𝐈𝐌𝐏𝐄𝐑𝐈𝐉𝐀® (@fximperija) November 13, 2020