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slam.blambacid
Jul 16, 2018 7:07 PM

Bitcoin 2011 comparison 

Bitcoin / U.S. DollarMt.Gox

Description

- A possible counting shows we are in correcting wave 2 of superwave 3 (2/3), being $1200 -> $20.000 impulse wave 1/3
- Comparing with 2011 wave 1/1 , fibonacci time measurments point a similar ratio has already been fulfilled
- Retracement (bear market) should be over as soon as it closes above 50day MA
- Don't expect strong volume reversal nor new ATH soon
Comments
slam.blambacid
Correction, bear market should be over as soon as it closes above 100day MA (wedge resistance downtrend)
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