ianrdouglas

BTC: Seven-wave ascent to the top?

BITFINEX:BTCUSD   Bitcoin
There's still a lot of uncertainty in the BTC chart. This is not a prediction, and certainly not in terms of the timeframe, though I think the local top for BTC could come in quickly — as fast as within four weeks or so.

This is simply a structure to look out for, if BTC resumes its ascent.

Space in the next 4-5 days for bull flags to be printed. Start of a seven-wave structure, with seven waves within Wave 1, and seven waves within Wave 7. Within the seventh wave of that seventh sub-wave there should also be seven waves.

Blow-off top at 80-83k.

Alts explode into the -50% +/- correction that follows.

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