When everyone expecting growth - the fall is most likely!
Major market players are waiting when everyone to believe in growth to sell high. And many peoples already believe in this, because long positions are 2 times larger than shorts for now.
Chart description: now we are in a yellow wave 4 that looks like a flat, not a zigzag. Wave B higher then A - it is absolutely normal for flats. Red wave C hasn't yet occurred and it will go to the range of 5000 in near future. Imho.
P.S. This chart isn't a financial advice, it is only my opinion about bitcoin movements.
Major market players are waiting when everyone to believe in growth to sell high. And many peoples already believe in this, because long positions are 2 times larger than shorts for now.
Chart description: now we are in a yellow wave 4 that looks like a flat, not a zigzag. Wave B higher then A - it is absolutely normal for flats. Red wave C hasn't yet occurred and it will go to the range of 5000 in near future. Imho.
P.S. This chart isn't a financial advice, it is only my opinion about bitcoin movements.
Comment:
From 02-11-2017 to 20-11-2017 many times we can't break upper border of the channel.