Bitcoin broke the ascending wedge but still looks like a corrective wave ABC and counts like one ( not shown, don't have time). If new all time highs are created the analysis is wrong..... which is still good, only because........ as far as I'm concerned it's buy and accumulate, I guess if your trading it.... shorting would be in store.
What I'm basically saying is, don't feel as if you missed out, if Bitcoin doesn't make another move down this month, it's not the end of the world.
Unless your on the wrong side of the trade.
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@trendwizard - because the other altcoins don't seem to be on bitcoin's coat tails, this upward trend makes me suspicious. Long term I'm very bullish on bitcoin and other crypto's, but we have a looming fork in the near future.
Maybe news of China's ban being temporary is the cause. I still haven't seen an explanation for the above though.
People exchanging their alts to btc for the upcoming fork. That's all this.
I don't really keep track of the news, I just watch the patterns unfold.
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