Bitcoin Update: We have Five Wave Impulse Down!!!

The Hive account@haejin algorithm is now pounding the table even louder than before WARNING THAT NOW IS NOT THE TIME TO BE TAKING BUYING ACTIONS FOR BITCOIN!!!! NOW IS THE TIME TO TAKE SELL ACTIONS!!!!

In Elliott Wave Analysis, the first sign of a trend turn is always a five wave impulse against the current trend. The white numbers represent the first potential stage of the major correction towards Wave IV (see long term chart below). As always, an impulse five wave move is followed by a three wave abc (red) correction. I have labeled a and b to be complete and c is almost done. The second confirmation of the start of a major trend reversal is if after c is complete, a vigrous and hard down occurs. It might seem like Bitcoin is dumping itself lower and many are running for the exit. At times gap downs are seen at early stages of trend reversals. Let's see if this happens.

Here is the longer term EW count I've shown before:

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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.