kongaalmo

BITCOIN STILL LOOKS BEARISH.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Elliot Wave . Bitcoin still looks bearish . I think we'll see a sweet correction before it will reach 20k+

Thoughts?
looks like a head and shoulders forming...although we have seen this before when we fell from 5k-3k...and i thought we would see the elliot correction wave 2 and send us back to 2,500....never happened....ended up just breaking through the trendline (teal) and crushing higher...so never underestimate the power of a stage 3 bull market. and if we do come back below 10k..juicy buy opportunity right?
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i think it will keep rising a bit because of the segwit2x hardfork, on 29 will start the decrease, on 30 getting more speed, and on 31 we could be in a runway full of bears, indeed a very crazy new year this 2017, seems like alts will shine this end of the year
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kongaalmo blockchainworld
@blockchainworld, Thanks for feedback!

Looking forward to see what happens in the chart the next weeks
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