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warrenhochfeld

2014-2016 recovery pattern vs 2017-current. One peg lower?

Bitcoin (BITFINEX:BTCUSD)  
warrenhochfeld  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD zec
11
5
trendanalysis chartpattern waveanalysis btcusd zec
Perhaps the December lows of $3700 are not bottom and the current price spike just a trap to lure those eager bulls in.

This all before we continue one, two or even three pegs lower?

Bitcoin Momentum TSI, the Relative Strength Index and other indicators are notably similar between December 2013- April 2014 and December 2017- December 2018.

Thoughts?

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