Bitcoin Is pumping hard with no signs of slowing down atm.
It has done exactly the same thing as 2017 with a 5th wave being parabolic (Sorry Elliot).
The MACD looks the same on the daily as 2017 which makes me feel like the correction is getting closer.
we retraced from 2017 high on the 5th wave down to the forth wave of around 3.5k.
If we do the same again on this correction it will take BTC down to 10k.
I think Bitcoin will find support at 20k and create a Bull trap like the bull trap after the 2017 bull run..
The chart looks exactly the same as the wall street cheat sheet. History always repeats..
Still a possibility of Bitcoin slowing down which would stop a huge correction from happening and maybe a possible ALT coin rush.
Keep your Bitcorn safe and send them to me.
It has done exactly the same thing as 2017 with a 5th wave being parabolic (Sorry Elliot).
The MACD looks the same on the daily as 2017 which makes me feel like the correction is getting closer.
we retraced from 2017 high on the 5th wave down to the forth wave of around 3.5k.
If we do the same again on this correction it will take BTC down to 10k.
I think Bitcoin will find support at 20k and create a Bull trap like the bull trap after the 2017 bull run..
The chart looks exactly the same as the wall street cheat sheet. History always repeats..
Still a possibility of Bitcoin slowing down which would stop a huge correction from happening and maybe a possible ALT coin rush.
Keep your Bitcorn safe and send them to me.