BITCOIN - Wave Revision - Nearing A Top - Beware Of Mania\FOMO
Updated
Given the nature of this move I would say there is no real way of know how high this will go.
I would practice extreme caution because the reaction at the top will likely wipe people out.
This entire move up since the beginning has all the hallmarks of a Wave E.
This is trending in a very similar pattern to gold but not at the same time.
I want to remind you that I do not trade Bitcoin I am just bringing you the best possible analysis I have to offer until we see the top.
Please LIKE and FOLLOW to get notification of updates and future posts.
I would practice extreme caution because the reaction at the top will likely wipe people out.
This entire move up since the beginning has all the hallmarks of a Wave E.
This is trending in a very similar pattern to gold but not at the same time.
I want to remind you that I do not trade Bitcoin I am just bringing you the best possible analysis I have to offer until we see the top.
Please LIKE and FOLLOW to get notification of updates and future posts.
Note
Featured comment: Decentralize_Deez_Nuts42 minutes ago
take a look at ticker BLX BraveNewCoin Liquid Index for Bitcoin, it tracks BTC price action from 2010, 2 years more price action than the one in this Bitstamp chart from this video. Maybe that price action would effect the macro wave count.
AriasWave Decentralize_Deez_Nuts, Thanks for that. It does help. From what I can tell this could be an ending diagonal but with a similar count. This means shortly we would see a pullback followed by another advance to complete the Wave v Zig-Zag. I will post another idea once we see a pullback to at least 50% of the move up since Wave iv ended.
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