On the heels of the San
Francisco conference the market promptly fell apart (sell on the news). Couple that event with the recent IRS
ruling on BitCoin
taxation and we had the makings for a dump. Logical downside targets remained the bearish harmonic
price pattern ( ab=cd
) target at 534.11. Now that the bear ab=cd
target has been hit, will we see this market finally bottom? That is still too early to conclude but it is interesting to see how Willy is just now starting to get a little stupid....
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