We are waiting for further correction of bitcoin in the second wave of the upward cycle. The opening of Bakkt trading has long been priced in and there are no prerequisites for further growth.
There is also a small chance that the first wave has not yet been drawn and that the 4th wave in the shape of a triangle is being formed.
At the moment, the first and second waves of a new upward cycle have been formed. Sale at the resistance level (0.11-0.12 $) with a view to further re-purchase after correction.
On modern exchanges, we do not see a full ripple price chart. From mid-2014 to early 2017, we formed the first and second subwave. After I found the missing piece of the graph, I overlaid the template on the current first and second wave of the global cycle. What happened in the end, you can see below.
It's time to introduce new technology. In the late 90s, it was the Internet, now it will most likely be a blockchain. I expect the peak of the stock market in 2020-2021. Bitcoin will not become a defensive asset, just like gold (remember 2000 and 2008). In a panic, everyone goes to the cache. In the meantime, we observe further growth in the stock market due to...
We observe the price movement to strong support around 42$, after which we will see a rebound. The ultimate goal of this idea is 35$ (development of Fibo levels)
