Bitcoin
Diupdate

Is Bitcoin correcting like it did in The Spring of 2013?

9474
This is a quick sketch of a thought: What if Bitcoin is correcting like the bubble of Spring 2013 instead of the subsequent one in November? It's tough to say if we'e reached bottom yet. However, if we are indeed following the pattern of the last Block Reward + Bubble era then this era will have the Bitcoin price recovering from this correction over the next few months and then leading to a bull run possibly up to 100k/bitcoin before we see a possibly year long (or more) correction.
Catatan
Let's see if 4 is already in or if double bottom is needed.
Catatan
Evidence suggests good chance 4 is in. Fiat reserves incase of sharp decline not a bad idea. Also not a bad idea to sit on your hands until market begins to move.
Catatan
Careful selling into fear.
Catatan
Price resting on that lower mid channel line. A bounce here would be nice but would not guarantee end of bear trend.
Catatan
As it was written elsewhere, "I find it hard to believe that a growing institutional sentiment toward cryptocurrency / blockchain, will be the catalyst for a bearish market or full retracement "
Catatan
This would be a nice place for a bottom.
Catatan
Follow the blue path? :D
Catatan
A retest of that lower trend line around 4K is possible if momentum doesn't change soon for Bitcoin.
Catatan
Wave 4 in IMO
Catatan
Close to or nearly at bottom
Catatan
Based on this chart we have touched support and are ready to move up!
Catatan
Sitting on log support.
Catatan
Support broken

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