Finally the Cycle wave III top has reach 2.786 on Fib rate with the depth of Cycle wave II, and now we will have a right hand chance for short, be prepared bears, Let's ready to roll.
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Detial
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Beautiful, and perfect.
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Resistance from MA90 and MA144 and 23.6%
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I think after 1 or 2 days shock inside the triangle, BTC price will still goes up
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Once again.
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Seems not easy to pass 20,000 YUAN, for that BTC might test the support again. The trend for now is still up.
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BTC also needs to be careful, if the lower track support break, we will move down to next support level.
WHY PEPOLE think they preidect btc in a year/... talk about today.. not 1 year lol\
bamboodian
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@DanielBela, My English is not very good, the title might be some misunderstanding, sorry for that.
TradingMula
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@DanielBela, why you think people can't?
Kappy
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This is an excellent count. Where I get caught up is the internals of wave (1) of III. I really struggle to count it as impulsive. If the big correction stays above wave I, I think you're right.
Previously major exchange hacks have been associated to the big price drops. This time around, my best guess is price action will play out while news and reactions regarding the scaling debate or forks will be blamed.
bamboodian
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@Kappy, Yes, the news about SW and 2MB block needs to be take care of, and to be honest for the Cycle wave III i have made mistake about the strength and the top, i have learned from that and hope will be better in future.