Bitcoin: Don't Get Too Excited Just Yet

20 thg 2, 2016

I don't think this is the big bull market finally taking off again. The wave structure is indicating to me that Bitcoin is still in correction mode, and a rally to about $435 (and not much beyond that, or at most limited in the range of $467 to $500) is the expected final leg upward of an 'e' wave which will give way to a decline to much lower levels than expected before things get better.