GramTooNoob
Long

Wave 4 ended, Support Found $13700

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Wave 4 of correction should be over, bounced off $13700. I have listed the Elliot wave counts for your confirmation, there is 1 more 5th wave coming. Estimate it will hit 20k USD, but note that this is before US 10th Dec. Fundamentals ahead do not look good due to futures misunderstanding. Expect a big dump at the end of wave 5, good luck!

I only publish this idea because I wanted 50 rep points be able to chat in the public chat room. Wanted to warn the ppl in chat who keep giving bad advice like the BTC dump just started... seriously. There is no TA showing a dump to 10k, nor are ppl dumping this for BCH.

Comments

Seems holders are converting to litecoin for cashout. Due to uncertain fundamentals, 20k target is probably no longer on track.
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