I think this chart is as clear as can be. We have been in an EXTREMELY well defined channel for all of 2017. 5 near perfect hits of the top trend line and a very clear EW impulse pattern. If a lot of people consider Bitcoin to be a commodity (not that I agree), the 5th wave being the longest has a lot of historical precedent.

Add to this, the gentle downtrend in the RSI and the fact that every higher high and higher low in Bitcoin has been accompanied by a lower high and lower low on the RSI . I believe this negative divergence lends credibility to the idea that we are about to hit the 5th wave top and have a major correction that breaks the lower trend line .

There are no guarantees in life or Bitcoin so I will be trading this solely based on how the reality evolves with relation to these trends. If I were a betting man (and I am), I would call for 2 more touches of the top trend line (for a total of 7), by Nov 16 followed by a frantic fall to the lower trend line , bounce off it before falling through it (maybe stopping right above 3000).
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出