Bitcoins bubble about to burst?
BraveNewCoin Liquid Index for Bitcoin BNC:BLX
Its possible Bitcoin has finished 5 waves up on the macroscale. If it has we have entered a long and devastating bearmarket that Will last years. Watch out for break out of the wedge to the downside. If we dip below 20 k it could get ugly. We will have to see how the waves develop.
Im not sure if the red wave 4 in the blue wave 5 is still ongoing( I doubt it). If it is we Can expect one more high.
For now we watch if the move Down from top unfolds in 5 waves and how deep it goes.
