Bitcoin (BTC): The Wave Setup

Updated

Nothing is happening in the market: volatility has become extinct and coins' trading fallen out of fashion. Range-bound bots and robotic humans absolutely prosper in this environment. The price was unable to break the 7700 threshold. For me this is a bearish signal. Indicators provide mixed signals, so let's examine wave structure. The move from May 29 is a 3-wave correction within a larger downtrend. A price drop below 7500 would confirm this scenario.

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LTC H&S setup:

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EOS is on the brink:

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Still can't get to 7500. This scenario becomes increasingly viable:

Nickonomics

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