Join
May 30, 2026
Login

Why this is a bad time to buy Bitcoin.

Why this is a bad time to buy Bitcoin.

Why this is a bad time to buy Bitcoin.

Why this is a bad time to buy Bitcoin.

BTC/USD COINBASE:BTCUSD
Paul_Varcoe


Why this is a bad time to buy Bitcoin.

I wrote a piece on TV on Feb 9th, see below.


#NOFOMO

Nothing has changed, really. The Elliott Picture changed to a zig zag but it’s still not a buy.

Reasons not to buy at 45k:

1. There is a fat resistance at 48,300. My Risk Reward would be crap. It’s fat, properly fat.

2. If it breaks say 46k all the Moon Bois will start howling. This will bring on a feeding frenzy amongst the professionals, who will happily sell it to them up here.

3. Elliott Wave analysis but I bang on about it the entire time on my streams, watch one from last week or whatever:

https://www.tradingview.com/streams/nomthZgIX1/

I think the timescale may be confusing for some. This is a MONTHLY move with 3 parts and this is only the first one. I want to buy a lot lower down and I believe it will get there in time, certainly before we get new highs, see this chart:


snapshot
Previous Article

SHIBBIN

Next Article

UNI/USDT

You might be interested in …

Short ETH/USDT

Short ETH/USDT

Short ETH/USDT Ethereum / TetherUS BINANCE:ETHUSDT trendgenius Have been in a short on ETH Since March 4th. Target is 2286 BINANCE:ETHUSDT

Tron Price Analysis — April 29

Tron Price Analysis — April 29

Tron Price Analysis — April 29 TRON / US Dollar (calculated by TradingView) BINANCE:TRXUSD Mr_Wogbe_Alex Despite the broader weakness in the crypto market on Friday, TRX has traded against the grain as it tapped a […]

Down for BTCUSD

Down for BTCUSD

Down for BTCUSD Bitcoin / TetherUS BINANCE:BTCUSDT EduwaveTrading Hi traders, And another drop for BTCUSD last week. I think we can see price going much lower for this pair. So I will keep looking for […]