Its possible bitcoin has finished 5 waves up on the macroscale. If it has we have entered a long and devastating bearmarket that Will last years. Watch out for break out of the wedge to the downside. If we dip below 20 k it could get ugly. We will have to see how the waves develop.
Im not sure if the red wave 4 in the blue wave 5 is still ongoing( I doubt it). If it is we Can expect one more high.
For now we watch if the move Down from top unfolds in 5 waves and how deep it goes.
Im not sure if the red wave 4 in the blue wave 5 is still ongoing( I doubt it). If it is we Can expect one more high.
For now we watch if the move Down from top unfolds in 5 waves and how deep it goes.
Note
Are we in a 5 wave structure to the downside? Note
The path of the red 3 to 17 k. Note
5 waves from 32 k down looks finished. Note
5 waves down from alth not confirmed yet. At the moment we could just have had a double zigzag. We could have a triple correction or it may develop to 5 waves. We will see. Note
Looks like 5 waves up from the lows so far Note
Looks like a bullish move building up 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.