After a text-book 50% correction of the green 1st wave impulse, it looks like BITCOIN could be on its way too see $3000+. Lets see if bullish sentiment persists and if so $3500-$4000 doesn't look far fetched.
Check out the previous analysis to see just how we got here. Find it linked below.
Check out the previous analysis to see just how we got here. Find it linked below.
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If we keep selling off I think we get something like this playing out.
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Looks like we may have found some buyers..Lets watch out for some followthrough
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Bitcoin looks like it may settle below $2000 before longterm buyers come in.
This points at bitcoin having completed a 3rd wave and is now declining to at least $1896 in order to completed a 4th consolidation wave.
However, there is still potential for a pickup as the internal waves make it seem like we aren't done with the upside.