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DigitalSurfTrading
Aug 29, 2021 4:36 PM

Bitcoin Forms Ascending Wedge to Initiate 2021's Late Bull Run 

Bitcoin / DollarBitfinex

Description

Life's a game of inches, especially when you're working from an intraday logarithmic chart :)

After reviewing my analysis again and more precisely using the fibonacci tool, it seems very likely that Bitcoin continues its rise up towards mid 53K. With Wave 1 being three waves, Wave 3 also looks to repeat a very large three wave cycle. Watch out for a nearly 30% drop from 53K to 34K in the near term future. It's a bit early in the game but I anticipate that Bulls will respond with heavy FOMO and send value from 34K to 76K soon thereafter.

Trade active

Lets see if the Bear wave to 34K proves tru :)

Comment

mid macro invalidations manifested however, the overall pattern remains in tact. my community and i had the option to avoid a 50% drop in value :)

what will come next?
follow the wave to find out.
Comments
mashmash
I always enjoy ur analysis. Bitcoin seems to be out of the wedge now. Do u still believe in having a 5th wave to mid 53k?
UnknownUnicorn10828932
you made me happy bro
good luck
DigitalSurfTrading
@reza_1515, you too homie
robileak
anything
DigitalSurfTrading
@robileak everything
robileak
@Gumption334, cool dude sep month dumping month I know
robileak
@Gumption334, great idea thanks
DigitalSurfTrading
@robileak sure thing rob
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