SUMMARY
Bitcoin is worrying me a bit. The chart below forms a textbook a,b,c,d,e pattern. The final e wave is at hand and that could mark the Wave B (red) top. The e wave could become a throw over where prices surpass the top white resistance line but quickly retraces and falls below the lower white support line. The throw over event could provide that new all time high which could be short lived.
The significance of this is that once Bitcoin price starts turning, it will be a sizable trend change from up to down. My concern is that if this trend change occurs too swiftly, perhaps the Altcoins might not get their chance to run up with the batton and print green prices. My primary count is such that I believe they will...but given this chart, maybe not, as well. We'll have to see how the overnight prices act and also see beyond tomorrow.
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**