etw01

BitterCoin! Waiting for 2nd shoulder to form.

BITSTAMP:BTCUSD   Bitcoin
Like aapl and a few other stocks BTC is forming a Head & Shoulders pattern.

If the 2nd shoulder is above the neckline expect a new Elliott impulse wave. Price will go up.
If the 2nd shoulder is below the neckline the correction wave will continue. Price will go down.
At the moment I see a buy price of 30-35k very possible sometime in March to April.
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