vervanda
Short

BTC Elliot Wave analysis and Retracement Prediction

BITSTAMP:BTCUSD   Bitcoin / Dollar
I see a 5 five wave structure finally formed and soon expect a correction.
That may complete a future H&S pattern if we take it literally, that would end up dropping to the red zone. Im a newbie, im just making an observation, am i going too far?
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I don't think we'll see enough of a sell-off to drive that large of a correction until after the fork and the price may hit $10K by then. Also, the market cap has grown by $30B in just 4 days so it seems we had some new (big) money roll in.
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