"What happened to bulls?" Bitcoin price retrospective analysis.

in #cryptocurrency • 7 years ago (edited)

First of all, sorry for my bad English.

Today I want to discuss Bitcoin prices in retrospective. So what happened to our bull-ish impulse?
Speaking of impulses, lets use Elliot waves for situation analysis.

1-4.jpg

First four waves are perfectly readable. Classic bull-ish scenario, where we need the fifth wave to finish the cycle.

But there were plenty of struggle and resistance at around $4k, which we could not overcome.

4-6.jpg

For now, we are in the process of completing fifth bear-ish wave, and we are going to test $3,480, if we pass the price support at $3.6k (i think we will). Then there will be an ABC correction, and only god knows what will happen after it.

Be careful!

#bitcoin #price #blockchain #altcoins
7 years ago in #cryptocurrency by
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     7 years ago 

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