’Bitcoin trading’ Bitcoin collapsed. Again. Yesterday (that is, on February 9), the Crypto currency fell from a mark of $ 1075 below $ 914, which made us recall the disastrous sale that we saw in the early days of 2017. It seems that every time Bitcoin significantly rises, a strong turn follows. Obviously, the digital currency is prone. According to the theory, the trend direction can be identified if a pulse with five waves is recognized. The third wave in the pulse pattern is usually the longest. Bitcoin’s proposal is limited not only in theory, but also in reality. The maximum amount of Bitcoins that can be mined is 21 million, and approximately 70% of this amount has already been generated. This makes Bitcoin an excellent area for mania or a stretched fwave that can occur. The problem is that the wave, stretched or not, is simply a phase of a larger pulse, and we know that each pulse is accompanied by a correction in the opposite direction. Therefore, once the mania reaches a maximum extreme, where it can no longer continue, completely opposite emotions will capture the minds of people. Emotion is fear, the extreme of which is panic. In other words, we must look for a stretched fifth wave, which will be accompanied by a decrease in this magnitude. On the right, Bitcoin’s graph is easy to detect. This is a weekly Bitcoin plot on a logarithmic scale. 36363
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