Hi all,
Looks like we've confirmed the bottom of the 2 wave with a breakout past the downward trend. Now it's onward and upward to the shoulders right around the .786. This is following my original analysis from about a month ago with a slight adjustment to the 2 wave (it's slightly hard to call bottoms). Keep in mind that there are several lines of resistance in the way that could cause a failure once we reach past the top of the 1 wave. If this happens it would be really bad news for bitcoin, so set your stop losses and let's ride this wave!
Looks like we've confirmed the bottom of the 2 wave with a breakout past the downward trend. Now it's onward and upward to the shoulders right around the .786. This is following my original analysis from about a month ago with a slight adjustment to the 2 wave (it's slightly hard to call bottoms). Keep in mind that there are several lines of resistance in the way that could cause a failure once we reach past the top of the 1 wave. If this happens it would be really bad news for bitcoin, so set your stop losses and let's ride this wave!