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Once the hottest bull market in history, $BTC has turned to a familiar deep corrective cycle initiated by uncertainty and fuelled by a lack of transparency, combined with seemingly a massive amount of fraudulent activity taking place.
From an analytical standpoint there is clearly a 5-subwave initial impulse down from ATH at $20k which indicates a reversal. This...
Here OmiseGo finally breaks out of the long term downtrend it faced after being introduced to the world and pumping to high heavens.
As BTC corrects down, it is nearing the end of the 'B' wave. This should confirm BTC's bear market and thus will make alt coins and their holders very happy. ETH also appears to be showing bullish signs and thus the cards seem to be...
As Bitcoin continues it's parabolic ascent through the atmosphere and space it is nearing the moon. There is one problem though - rocket fuel has run out. As it approaches the moon it can no longer counter it's momentum and it's impact with the surface seems more inevitable with each passing minute.
Top (for now) ~ $7000
Target ~ $5100
Stop Loss ~ $7600
Profits = 25%
Since reaching a climax at $4900 USD, our friend Bitcoin has taken a turn for the worse.
- According to EW, BTC's parabolic uprise could only be followed by a corrective ABC wave.
- ABC waves are made up of a 5 wave down, followed by a 3 wave up followed by another 5 wave down.
What you are looking at:
- Following BTC's correction, it becomes...