The BTCUSD market has come down 65% in nine months and is in a secular bear market which is characterized by Cycle wave 4.
Cycle 3 lasted approximately 23 months.
Cycle 4 can be expected to last at least that long which would take us easily into 2016.
Cycle 4 can be expected to finish around previous wave 4 which was at 70s.
The first major bounce could be expected from 278 before end of 2014.
A spike to 173 cannot be ruled out before end of October.
Cycle 3 lasted approximately 23 months.
Cycle 4 can be expected to last at least that long which would take us easily into 2016.
Cycle 4 can be expected to finish around previous wave 4 which was at 70s.
The first major bounce could be expected from 278 before end of 2014.
A spike to 173 cannot be ruled out before end of October.
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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.