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RE: Bitcoin: Breakout! What's Next? Correction May Take Place Before We Hit $9,000
UPDATE:
Wave 2 May be complete. Wave 3 could be underway.
This will be a confirmed 3rd wave if/when it rises above the top of wave 1.
Looking at the LOG Scale Chart, we still haven’t broken out of the descending triangle. If you’re unfamiliar with LOG scale charts, refer to my bitcoin analysis from a few days ago where I briefly explain it: https://steemit.com/cryptocurrency/@workin2005/bitcoin-confirms-bullish-breakout-small-correction-before-next-wave-up.
While bitcoin has not broken out yet on LOG scale, it is getting closer. If this trend continues, a breakout is likely within a few days:
