Yeeehah! Bitcoin (BTC) has surged and put the projected new All Tim High during overnight price actions! I disucss the Jaws of Wealth impact in that there are multiple price pathways for Bitcoin to take but all lead to the same destinatino of a mid term target to $9,000. The chart below shows that Bitcoin is traversing within the expanding triangle pattern. It shows that the purple pathway which most Ellioticians were projecting, is now invalidated. The red pathway which I have as my current primary count, is the Expanded Flat A,B,C (red) correction pathway and it too leads to the same $9,000 destination. This means that prices could be repelled by the 1.236 Fibonacci area of around $5,500 or so. We shall see. The Blue pathway allows Bitcoin to touch the upper line of the expanding triangle at around $6,050 before it corrects hard. Price might even do a bearish pierce of the upper resistance white line and fall quickly back inside. These are exciting times so let's watch and see how it all transpires!
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**