ASA2001

Bitcoin still following correction

Long
BITSTAMP:BTCUSD   Bitcoin
Hi guys. I have corrected the upper trend line and it still shows that bitcoin is following the right path we are looking for. You may be thinking, surely a change in a trend line may indicate that the correction has failed, but this is far from the truth. The most important part of the correction is the wave structure. The wave structure is still strong and following all the rules. The gradient of a trendline is not important. As long as there is no ‘strong’ throw over/throw under, there is nothing to worry about (A throw over is when the wave structure passes the trend line by a significant amount). So, what should we expect with this final wave? Do not be afraid if the final wave passes the lower trend line, as i do see it possibly happening. This is a strong catalyst for a surge up to possible higher highs. Nevertheless, I will be investing once we reach the lower trend line, but as this is not financial advise, please make your decision by yourself. Hope this helps!
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