If severe USD deflation begins soon, Bitcoin could return to the phase 1 price level of the 2017 Hyperwave at $1,000.
The recent wave pattern looks like a non-failure reversal (aka extended B wave). If this pattern is to complete, it will break through 20K, bounce to retest 20K and continue on to lower lows.
The recent wave pattern looks like a non-failure reversal (aka extended B wave). If this pattern is to complete, it will break through 20K, bounce to retest 20K and continue on to lower lows.
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Buy lowered to 8161
Stop lowered to 2889
Stop lowered to 2889
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Bounce trade canceled, only target is $1,000
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