Bitcoin appears to be completing the first wave up and signaling that it will correct to the downside in the coming day. According to the Primary Bullish count, this should be the first Wave 1-2 Correction period. In the Secondary Bearish count this would be the B wave of an ABC correction. It is still too early to rule out the Bearish scenario but it is becoming increasing less probable given a few elements:
i.) The US Stock Market increasingly appears to be setting up for a HUGE decline of a C wave down, which will further cause investment money to flee to other assets like Cryptos, while European markets have crossed into "Death Cross" territory.
ii.) Russia has increased its rhetoric that the 'Cold War 2.0' has begun and that poisoning a Russian Double Agent with a Nerve agent was just the start. In Syria, there is a heated tension between Russia and the US on how Syria's future should be determined with Turkey openly capturing parts of Syria's territory. This will heighten a flee for safety.
iii.) The G-20s reluctance to crackdown on Cryptocurrencies show that the Central Bankers are unable to convince World Leaders that Cryptocurrencies threaten their monopoly on financial markets.
News:
$9K Ahead?
https://www.coindesk.com/9k-ahead-bitcoin-looks-north-after-bull-breakout/
Primary Bullish Count
