Bitcoin. Ready to blow up?

16.05.2018

Ascending  impulse configuration consisting from five waves has been formed after an April's breakout of a  256-day  descending trendline( red) . Now we are seing that price of bitcoin has formed an ascending trend line after finding a support level on a 50-day moving average. Now I will tell you why we should get bullish at the nearest time/

Now on a 1-hour time frame I see that within the last 4 days  price has formed a five wave wedge  that is the first wave before the powerful third which the most powerful wave (Elliot wave theory). It would be a younger third wave of a an elder third wave, it is a nuclear combination which would throw us above 200-day moving average.

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Good luck!