Bitcoin – Where Is It Heading Technically?


Bitcoin has everyone’s fascination. After each 5 wave rally an EW analyst would expect a correction, and if it is 3 waves like the last one in Sept. Now another 5 wave rise is in progress and must add at least 3 more waves up as shown to complete a 5 wave sequence before we can say this move is complete. I do believe however as discussed in the Podcast that Bitcoin is a manifestation of the liquidity bubble and therefore its final top may coincide with that of equities at some point with a lag.

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