FraterOculus

BTC to 28000 before resuming upside? New ABCDE structure

BITSTAMP:BTCUSD   Bitcoin
Things have changed overnight, and what I thought was an ABC correction has turned into an ABCDE triangle, potentially followed by a false breakout and a corrective wave forming a head and shoulder to the downside if bearish market sentiment holds. After consolidation there, I think we can see more upside. Of course, BTC is notoriously hard to predict, and it seems like anything could happen.
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