Hello Steamians...
Very exciting day in the crypto world for those who pay attention to BTC and do their own technical analysis.
So for the last week I have been quite on the subject because I wanted to see if something would play out close to my count. Well it was close.
As we see above we see a clean wave count. We see trend lines getting overcome and currently being challenged hard. Notice the Pink trend line that has been in play since the beginning of march. It was recently challenged in a might miss fashion. Which is usually and early indication of trend change.
We now see that price has plowed into the upper trend line and has pulled back a bit. To me this looks great. Looks like an ejection seat to get past the upper trend line.
Also notice the Red mid trend line and how price has not even come close to it since the WAVE 3 of the primary degree is in Cycle wave C...It just flattened out.
Here is a close up.
![2018-04-12_16-32-53.png]
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So basically This is the situation. We now need to See a close of 8100usd preferably on the daily chart. If that happens This market will take everyone by surprise on how quickly it is going to go up.
The reason i say that is this. THere is a lot of big money waiting to swoop down and push this market to Stupid, ridiculous new highs. We are Talking Venture Capitalists, hedge funds, pension funds and other financial institutions.
https://www.zerohedge.com/news/2018-02-11/jpmorgan-publishes-bitcoin-bible
http://forum.gipsyteam.ru/index.php?act=attach&type=post&id=566108
Both links are about the Crypto Currency Bible Jp Morgan (Crook) went and published... In between the covers it states that cyrptos should be in portfolios because it has no correlation with the stock market...therefore lowering risk. The smart money is taking it serious.
This was published after Jamie Dimon went out and called Bitcoin a Fraud. USUALLY A MOVE DONE BY THE GROUP WHO CONTROL MOST THINGS. Helps to be a contrarian with prominent LIERS.
So why isn't the smart money entering? Simple. No real avenue to do so. Until this happened...
https://www.ccn.com/sec-quietly-puts-bitcoin-etf-proposals-back-on-the-table/Anyways Here is another reason why this may be happening soon
This will give the smart money easy access to cryptos. The wild Ride...Just got More WILD.
When is this suppose to happen?
In the article it says people have 21 days to complain. So that gives us till around the end of April to mid May lets say.
I find it pretty funny since the Sec shelved it back in January which investors became afraid and this current correction ensued. But the warning was in the waves. It always is.
Basically we are having technicals and fundamentals line up here. SHould be an interesting next couple of months.
If you liked Upvote. Thank for reading.