฿ Bitcoin BTC/USD Daily Video, May 08, 2020

[Sive Morten]

Good morning,

BTC is completed our 10K target. As some light bearish signs are started to form and NFP stands on horizon - it would be better to close longs and book the result.

 

[Brett Reynolds]

I have not traded Bitcoin for quite a long time. It would be 'ideal' to get a retracement back down to the $8K area..and then look to 'join the uptrend'..because with the 'Halving' coming next week...we could see some volatility..and hopefully good pullback. I do not trade 'Elliot Wave' but i am hearing/seeing that this is a 'Wave 3' and we could easily go back up towards $20K..over next months..2021.!? I am looking to 'Join the Party'.!!

 

[Brett Reynolds]

I think it could actually be 'Wave 1'..!! lol...

 

[Sive Morten]

Yep. Its just 10 hrs till halving