Good morning everybody,
I did this chart yesterday and published it but forgot to take the lock feature off, so nobody got to see this at all. So here we go again.
Here is a shocker for you! everybody is thinking down but that is what "they" want you to think. As you can see on this chart, we have a very complex wave count, the tough part was the last part in my count, it was the bizarre spike that we had seen with BTC not to long ago, which had me baffled for a period of time but anyways, since we had hit this bottom, the best I could come up with is called an expanded flat; very common, mind the spike.
The good news for the bulls is that we have hit bottom, providing that this is truly an expanded flat. That means that we are now heading for higher highs in the coming months and naturally surpassing the all time high. Why? because this is just the beginning of wave 3 from the all time high. If you look at the chart, this is the second big wave for BTC .
Why will BTC go up? That is a good question, I will answer that with a question. Is there any other coin that competes with BTC?
Cheers!