Friday, October 20, 2017
Bitcoin Extends To Fresh Record Highs
Now that the high earlier in the week has been taken-out, after completing a 3-wave (ABC ) correction, it appears Bitcoin is now forming the final (5th-wave) portion of a larger 5-wave structure. The 1st wave equality projection target is a few hundred
points higher from current levels, in which price-action has seemingly
respected the psychological 6000 mark as temporary resistance. If Bitcoin can maintain support by Monday's peak, it should have enough momentum to complete wave-5 of a (big) 5-wave impulse.
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In what was perceived as a hawkish pause by the FOMC, fell on deaf ears shortly after the statement by the Federal Reserve was released Wedn...
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While all eyes will indeed be glued to next week's Federal Reserve's statement and press conference on Wednesday, those viewing thro...