BITCOIN: Lowest Low of the year just broken but…

December 07 00:44 2018 Print This Article

As expected since days, BITCOIN has completed the 3rd and 4th waves and now is just completing the 5th of the 5-3-5 Scheme.

5-3-5 almost completed, pending the (v) in red = A-B-C

Actually BITCOIN has broken the old low of the year and seems to going even lower.

For the moment, BITCOIN travels along the (v) wave on which we can identify already 2 waves completed:

(v) on going, 1 and 2 done, building the 3rd…

The length of the subwave 3 is going to show us the “Magnitude of the tragedy” but, for the moment, I think that most likely BTC is going to “land” at a ground just below 3000$, depending if this (V) wave in red is or not an extended one.

The “good” new is that I believe that, if this 5-3-5 correction is fine, between 2900$ and 3000$ must be the Support on which sustain the fall and perhaps starting to grow again…

A-B-C Correction completed and UP?

…Let’s see what happens next.

Take care!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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About Article Author

Too Fast Eddie
Too Fast Eddie

Superconducting Engineer working for the development of the Fusion Energy, Dad, Crypto-Enthusiast and Runner addicted. I am in a "Continuous Learning Mode" as well I am always willing to share my knowledge about the fields and topics related with trading, Cryptocurrencies, Blockchain technologies and Sports, in particular Running and Athletics.

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