PerpetualLearner

Bitcoin - A long and medium term view

BITFINEX:BTCUSD   Bitcoin
Its almost clear to everyone that bit coin is on a negative wave cycle lately. The magnitude of the wave is pretty big 4D to be exact..

The next downward wave cycle which is happening now will make BTC to touch almost exactly 7000 which is a also a big round number with good psychological implication.

However there will be shorter time wave reversal signs in play... so there are plenty of long opportunity here as well...

Send me comments or PM in if you need my outlook on a smaller time frame as it is going to be so hard to explain in a single post without confusing people
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