It seems my previous wave count here: has been invalidated on the Intermediate period, with panic and indecision increasing within the market, thanks mostly to amateur traders, which amongst other things, have manipulated the market price of BTC with panic, to drop lower and begin a consolidation (sideways movement) until the 1st August when the SEGWIT2x / UASF...
This has to be the ugliest chart I've seen in a very very long time. Where to begin... The top was put in when the US SEC ruled against allowing the Winklevoss twins to create a BTC backed ETF. They had spent the last 2 months accumulating asset to back the ETF and then dumped it all at once when it was obvious they should put their money somewhere else. That...
Had some fun on this chart... Check it out! Like or comment.
Bitcoin price have been traded within a symmetrical triangle for the past 3 days and it seems that it is finally on the verge of a break to the downside after an unsuccessful strugglish rally hours ago met with an unusually high amount of sellers.. If successful, it will open up access to $356 USD/2207 CNY or even lower. Stop loss/short area: 2427 CNY/ 391 USD...