We have a liftoff in BTC. The neckline was breached with a decisive move up. That is great news for all cryptos!
It was not a wave b, but likely the start of an impulse wave to 12,400$. BTC is looking bullish right now.
A bullish retest of the neckline like I predicted 3 days ago could still happen, but it does not have to. Could go straight up now, showing only smaller corrections on the way up...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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I think we can confirm a reserval of downtrend because of the 9k broke and big buy volume?
Thanks for the analysis
Things are definately starting to move now! And with all the new users signed up over the past few months added to users with access due to apps such as Robin Hood, we should really rocket. A repeat of last years 20x increase from here would be awesome!
This reminded me of my days in real estate investing. In 1990, I went to a real estate investments conference / meeting. And, at the end of the presentation, the speaker said: "No matter what you do, don't sell now!"
For the younger audience, the US economy experience inflation and mortgage interest rates has gone to over 18%! Then, the market crashed and home prices with it in 1982 - 1984. Home prices in Houston, Texas seem to have bottomed out in 1987 - 1988.
So, if you have not sold the virtual assets, AKA crypto-currencies, don't sell now!
Verry good post.. thanks for sharing..
Why "nothing to say" ? I like your profile and posts and I just followed you.
Interesting article! Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!
I'm ready! Thanks for the update :D
Thank you for the post! It is indeed a wonderful news and analysis.
Past dollar cost averaging ensures participation in the next BTC 'moon shot'. Thanks for posting the news!
Its about time we go higher again :)
Excellent analysis.
The best post