Nickonomics
Long

BTCUSD Main Trend Update: New Records Are Yet To Come

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
According to my wave model, the market formed an interim top @2760 as the conclusion to wave . This means another strong wave up is due to come, which will set new all-time highs. The corrective wave may have been formed with peak @1850. Actually, we can't be sure at this point, as this correction segement may be more complex. A decisive daily close above 2320 would favor more buys in the short term.
Comment: Minimum requirement for wave /5/ is met. Next strong fib resistance @3057.
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Thanks for posting. I am following closely.
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