BTCUSD: Long in May?

11 Nis 2022

• Triangle forming since ATH in Nov’21, with the base of the triangle extending back to the peak of Wave 1 in Jun’19.
• We might still be in a Wave 4 triangle.
• Let’s see if this trading pattern holds.
• But nonetheless, May’22 promises to be interesting indeed.
• (And it would be a good test of the adage to Sell in May and Go Away).

12 Nis 2022

Not

Interestingly, the base of the triangle goes back to 2013, and has served as resistance and support multiple times.

21 Nis 2022

Not

2 more weeks?

5 May 2022

Not

"2 more weeks" indeed to the day. Let's now wait for 10 May.

11 May 2022

İşlem aktif

10 May indeed.
11 May: Long BTC ($31.6K as at now)

11 May 2022

Not

It is probably 1 of 2 higher probability possibilities now.
1. BTCUSD has completed its Primary 5, and it's completing/completed its Primary A now; or
2. BTCUSD has only completed its Primary 3, and it's completing/completed its Primary 4.

Either of these, BTCUSD will probably be trending upwards till around 4QCY22 (Oct?).

13 May 2022

Not

Bought more BTC at $28.15K. In summary, DCAing in BTC at $3.45K intervals (5% of $69K) till $24.3K.