mwinmill

History doesn't repeat itself, but it does rhyme

Long
mwinmill Updated   
COINBASE:BTCUSD   Bitcoin
Last year in March, euphoria was setting in and the thought of the bear market ending was getting everyone excited. Around April 1st, Bitcoin took up and had an explosive move to the upside. Fast forward to May 2019, Bitcoin paused for wave 3 of it's 5 waves up. What's interesting about this move is the similarities we can see in the current move. This year bitcoin had a massive dump in march, and the spring-boarded back up. We are now hovering in the ~9500 range. If you compare the two moves, you can see some close correlation with not only the waves up, but the price action. If this is a repeat of last year, we can see bitcoin making a higher high on longer time frames, confirming the end of the bear market and potential for sustained long term growth for the next few years. BTCUSD
Comment:
The question it seems how high will wave 5 go once wave 4 is complete.

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