Bitcoin
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Is Bitcoin correcting like it did in The Spring of 2013?

9474
This is a quick sketch of a thought: What if Bitcoin is correcting like the bubble of Spring 2013 instead of the subsequent one in November? It's tough to say if we'e reached bottom yet. However, if we are indeed following the pattern of the last Block Reward + Bubble era then this era will have the Bitcoin price recovering from this correction over the next few months and then leading to a bull run possibly up to 100k/bitcoin before we see a possibly year long (or more) correction.
Uwaga
Let's see if 4 is already in or if double bottom is needed.
Uwaga
Evidence suggests good chance 4 is in. Fiat reserves incase of sharp decline not a bad idea. Also not a bad idea to sit on your hands until market begins to move.
Uwaga
Careful selling into fear.
Uwaga
Price resting on that lower mid channel line. A bounce here would be nice but would not guarantee end of bear trend.
Uwaga
As it was written elsewhere, "I find it hard to believe that a growing institutional sentiment toward cryptocurrency / blockchain, will be the catalyst for a bearish market or full retracement "
Uwaga
This would be a nice place for a bottom.
Uwaga
Follow the blue path? :D
Uwaga
A retest of that lower trend line around 4K is possible if momentum doesn't change soon for Bitcoin.
Uwaga
Wave 4 in IMO
Uwaga
Close to or nearly at bottom
Uwaga
Based on this chart we have touched support and are ready to move up!
Uwaga
Sitting on log support.
Uwaga
Support broken

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