For months we have been forecasting a drop in Cryptos while others Elliott Wave technicians like Philakone and TradeDevil have been pushing the idea of new highs around the corner. The 4Hr triggered a sell signal with the break of the parallel trendlines and it has been downhill for Bitcoin and other Cryptos. It is great news to see our forecasted predictions coming into play after months of anticipating these downward moves. When looking at the wave structures, we could simply be headed for a double bottom at around the $6k zone then see a spike higher. However we will patiently wait for this to play out. The good news is that the bottom for Bitcoin and other Cryptos could be a month or 2 away with huge rallies in the second half of 2018 that might make the 2017 rally look like a warm-up set.
News:
Bitcoin - Next Level:
https://www.zerohedge.com/news/2018-06-08/bitcoin-next-level
