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RE: Bitcoin (BTC) Evening Update: Impulse waves 1,2,3 and 4 complete. What does this mean? Check out this Analysis!
Haejin, It seems to me that I've found something. Please tell me what you think.
Today I looked at prices and I've found some similarities:
- Wave volatility decreases and it seems that we have more and more troubles as we go higher.
- Price movement becomes nearly vertical and very fast, and we know, that this is an indicator of an early end.
- Bitcoin loves head and shoulders pattern, and today we have very similar thing. And if prices go lower, then we can expect $4800.
- Volume increases when we reach the 4th wave and decreases, then becomes red when we reach the 5th.
If history repeats itself, then now is the perfect time to short Bitcoin.