The analyst advises adding to Bitcoin at the current support level, viewing it as a standard and perfect Wave 2 holding support area.
Bitcoin is holding support on the 200 WMA and between the 0.5 - 0.618 Fibonacci range, which is typical for Wave 2, making it an ideal point to add rather than sell.
$BTC LISTEN UP I don't know who needs to hear this But I am gonna say it WAVE 2 HOLDING SUPPORT ON THE 200 WMA AND IN BETWEEN THE 0.5 - 0.618 FIB RANGE IS AS STANDARD AS YOU'LL GET FOR WAVE 2 IT COULD NOT BE MORE PERFECT THIS IS WHERE YOU ADD, NOT SELL. https://t.co/QrmtR777IX
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -0.2% | +1.4% |
| 1 week | +5.8% | +4.0% |
| 1 month | +1.9% | -0.1% |
| 3 months | — | — |
| 6 months | — | — |