Around $9950 I already thought bitcoin was close to a top, but then, this is bitcoin and it never stops surprising. We had a massive run towards the $11.8k resistance. But now it seems to be making an ending diagonal in the fifth, of the fifth, of the fifth wave. According to the theory, this suggest a fast drop. By principle this is positive as you will be able to pick up some more at lower levels. However, if you're a trader, it may be a good idea to take some BTC of the table. We should be moving towards $7400; perhaps lower, after a quick, last move up to a new yearly high. Enjoy!
Looks like it may have topped couple hours ago or more to go you think?
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No, I think we're topping out. But the trend is very strong.
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Thanks
Think heading down now to under 10k before back up again ?
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My current count looks like above. So yes, I think we are going to drop towards $7400
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