josephalan
Short

BTC going to rise before hearing, then will plummet afterwards.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I believe that we have just completed wave 4 of an elliot impulse wave over the last few days and we're coming up on the wave 5. After the wave 5, BTC             will begin correcting over the next few days as low as possibly 5.5k. I'm confident that BTC             is going to continue rising until the 6th             because of the SEC hearing on crypto on that day. I believe there may be bad news that may come as a result of the hearing which could cause bitcoin             to come crashing down over the next few days until it falls as low as possibly 5500.

Article of the hearing: https://cointelegraph.com/news/us-sec-cftc-to-focus-100-on-crypto-in-dedicated-hearing-next-week
Comment: Forgot to mention that this analysis is valid as long as the current price of bitcoin does not dip below the support line. If it does dip farther than the support, this analysis will be invalidated.
insightful!
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