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Bitcoin

23 Oct 2020 ‚óŹ 07:07 AM

Bitcoin deserves a mention as it is breaking out to new territory after a 5 wave advance. This changes the wave count to impulsive and bullish again. The last time I thought it would go from around 8000 to 11000 and top out, now as it extends the bull case is that we are in wave I of 3 and that itself is subsiding and we are in iii of I. So even wave I is not over. The rising channel goes to 25000. Bitcoin now has a life of its own. An impulse wave is indicative of a bullish turn of events which is why I am saying below "BTC gets a life" Bitcoin looked like a bubble a few years ago but has not topped out and crashed. now it is trying to start a new wave up.

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