Future of Bitcoin from point of view of Elliott wave theory 29\05\2018

Dear friends,

Recently I've made a revision of waves formed by bitcoin movement.At the moment I see a very logical and simple picture of what had happened and what we should expect next .  Now I'd like to share it with you.

Let us start from the beginning: it is not a secret for everyone that inadequate growth of crypto in november lead us to the formation of financial bubble - and subsequently this event was payed by cryptoholders who just hold the crypto and do not give a sense about technical  analysis - and you know that there are mostly such kind of players in this market.

So what has happened? The answer is that we've seen a zigzag correction type (purple A-B-C) it halfed the price of crypto very fast. But yet it was not enough for big players (bitcoin whales and new players from Wall Street)  to come in since thay want to  buy large emounts of crypto and as cheap as the could. That is why for the last couple of month we've been watching the longest type of correction in Elliott wave analysis : a triangle .

The logic is pretty simple : these roller-coasters forces people to make wrong decisions since everybody expects growth, but instead everyone receives powerful descending movement. During such an action market maker accumulates bitcoin at the bottom. 

I am very confident now that we see a final wave of this triangle (E). This theory is confirmed by  decrease of volume in every bottom - it means that there are less people who are redy to sell at these prices (no supply)

 After E wave  ends we would see a powerful breakout from this triangle ( perhaps when news about opening a cryptoexchange on NASDAQ be released).  And people who sold at the bottom  would buy very high and that is from my point of view  the main trick of market makers.

If you enjoyed this article please support me by sharing your opinions in the comments down below. Also I'd be very grateful if  you upvote me  and subscribe on my blog.

ALSO I plan to start making video reviews on youtube or DTube. And I would like you to tell me if you'd be curious to see such type of content in the nearest future. 

I hope to hear your answer soon and to see you on a live-stream or video next time. But that depends on your opinion and decision.

Good luck!

Telegram-channel - https://t.me/samuraisatoshi

Here you could quickly connect with me and discuss everything you want- https://t.me/joinchat/E3LtLQ9nl6J-avWACcS1IA