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RE: Bitcoin (BTC) Evening Update: A Healthy Correction in Progress; Bitcoin is NOT collapsing! It's correcting!

in #bitcoin7 years ago

Fair enough. I didn't get it from any notable analyst. MarkP mentioned it, but also said it's not part of a triple top unless he see's a solid reversal. I consider him to be one of the most level headed analysts on TV.

I still feel the broadening wedge ("jaws of wealth"), posted in my above post and updated below, is still in play... and still a sign there will be a bigger correction downwards.

The weekly is even clearer. The TD on an 8 (so one more week to play out), it's breaking BB, and is a mile away from the ichi cloud...