JohnNMex

The buy of the year?

BITFINEX:BTCUSD   Bitcoin
Looking at the last 2 bull rallies it's hard not to see the similarities between them. If the symmetry will continue, the next bearish impulse should end right at 5178 and if we get there we will have created a descending wedge over a period of ~ 6 months. If it breaks the support when it hits the target it will be a text book buy according to Wolfe Wave theory and the target is at the price's intersection with the dotted red line.

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