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There seems to be some respite for Bitcoin traders. It might be tempting to take this breather as a sign of the tide turning. We highlight the reasons why you probably shouldn’t. In the last couple of days, Bitcoin has gone up a bit. This has brought questions if the current move is only a correction within a decline or already an important sign of a shift in the market. 8,000, but low trading volumes point to the risk of a bull trap. Sunday, adding credence to last Tuesday’s bullish outside-day candle and signaling a short-term bearish-to-bullish trend change.
Last week in my article, “A bottom in the crypto market, or more blood-letting? I suggested that a bottom could be imminent, or that we had bottomed. So far, those levels have held, and we appear to have set up bullishly. As long as they do, we have a very bullish setup – the five-wave pattern off the April lows, which suggests this wave ii we believe bottomed that proceeds a larger third wave rally. I’d like to introduce you to one of the most unique investing opportunities of 2018. It’s a stock you can buy in your brokerage account But it doesn’t act at all like a traditional stock. In fact, it’s like investing in both a venture capital fund and a hedge fund.