before the next breakup, probability we have a long triangle, now in the first stage of formation.
Any Bitcoin correction is at least 50% the previous maximum and corrected by 3 waves.
the last 3 month the daily RSI are in a descend channel, we are in the end of the trend?, or the confirmation of the new downtrend?
Actually the 80% of the market are a CNY market, I'm making my analisys under the Huobi market because I observe this exchange and okcoin are the masters of the other exchanges. After a bullish market and a XABCD initiating pattern, now probably we have in the last CD segment of the bearish CD wave: The targets are 1: 3550 CNY ~> $572 2: Fib 76% 3000 CNY ~>...