BTCUSD Wave Count and Fibs Measurements is suggesting that this ''beast'' could be ''tamed" if a solid drop in price would occur. Wave Count is suggesting that a short-lived retracement could take place and then we could see 12250 as the last ATH before the "beast" would fall.
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BTCUSD losing half its value after 12250
If 13500 will be forced, then it would only make the Bear Swing even worse.
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BTC/USD could start falling towards 5500.00
If one more leg up, look for a proper Bearish Divergence.
Many pips ahead!
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Bubble bursting soon:
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Wave Count Update:
14800.00 has been unlocked
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Consolidation then last bigger swing, after that BTCUSD would most likely give up 30-40% of its gains:
if you look at the history of october 2013 - november 2013, the graph there looked similar to our current year's graph. if a drop were to happen, it would probably be a big drop.