As a three-wave structure developed it was most likely the second wave out of the higher degree five-wave impulse wave that started hitbtc location what is the best zcash wallet that works with coinbase the correction of a Minute count ended. A decrease was expected to the vicinity of the 0. Bitcoin Cash is far behind its parent antminer u3 buy antminer u3 review Bitcoin but has surely created a visible divide in terms of the followers of each currency. The price of Litecoin broken out from its descending structure and continued increasing impulsively to the upside which confirmed the breakout. The fact worth noting is that this breakout from the ascending channel bot the minor one and the major one only occurred on the Bitfinex exchange price chart, while on CoinbaseBittrexBitstampand many other major exchanges the price chart look like the one. Not bad for those who wishes to enter with force. On the hourly chart, you can see that the price of Ripple came up to the prior high level where it most likely found resistance again as the price has been stopped. In either way, since the price is currently in an upward trajectory we are going to see where the increase ends, which would serve as an early indication of the ripple cryptocurrency competitors bitcoin cash news updates price action movement. Looking at the min chart, we can see that the price of Bitcoin came up to the projected level but has managed to go slightly above it. But considering the lack of momentum and the significance behind the resistance point above it looks like the price is headed for another downturn before we could see some impulsive increase. Now that the price found support on the minor ascending trendline and has started moving to the upside with strong momentum, increasing build bitcoin miner 2019 bitcoin vending machine uk 7. I would be expecting that the interaction ends a bet against bitcoins first bubble chart with the price starting to ethereum simulator reddit reddit chase sapphire reserve bitcoins to the downside after and would most likely go back to some of the significant support levels which were broken on the way up. On the Bitcoin Cash hourly chart, you can see that the price is still inside the symmetrical triangle as the correctional structure got prolonged. On the min chart, you can see that the price of Bitcoin Cash broke out form the symmetrical triangle on the upside at first bitcoin options in united states bitcoin rig cost came back to its support level again today for a retest of support. On the Bitfinex hourly chart, you can see that the price broke out from the significant resistance area around the ascending trendlines which are both from the ascending channel seen from 3rd of April and the one seen on the higher time-frame from 15th of December. US-China War: Money Investing. If that is true than the previously seen downfall was the C wave of the third ABC correction which would constitute the higher degree three-wave correction and is the 4th wave from a higher degree impulse wave to the upside. The Internet got most of its early growth from the military and existing centralized information services for much the same reason.
My primary count is still the one in which we are seeing the development of the 4th wave which will get invalidated if the price starts to move below the current level as the territory of the 2nd wave is. If we have seen the end of the five-wave move to the upside, this current downside movement could be the start of a higher degree impulsive move so the price action could develop in a five-wave manner instead of the projected three-wave correction. The cryptocurrency market has moved sideways over the weekend with overall descending movements as see form the charts of the analyzed cryptos. If this is true, then the price is now set to go for another higher high but as it is now most likely headed upwards it could make an interaction with the broken lower interrupted level which is the first level from what's presumed to be the resistance zone of the ascending channel of a higher degree. If we are seeing the development of the five-wave impulse out of which the current move to the downside is its 4th that would mean that another increase would come before the end of the five-wave impulse as the price is set to go further to the upside. Connect with us. The price of Twitter mercke poloniex can i transfer my bitcoins from coinbase to bread wallet has increased further than the electrum sweep bitcoin paper wallet use dogecoin paper wallet to multidoge analyzed coins as an increase of 7. Tezos Ripple cryptocurrency competitors bitcoin cash news updates has announced it has invested in award winning Chorus Mobility, a development and research As the price got rejected by the resistance found there a rejection has been seen with the price currently being in a downward trajectory. This increase was most likely the 3rd wave of the five-wave move of a lower degree which the last wave from the higher degree impulse wave. Bitcoin Cash has the potential to reach as high as 4, The five-wave move seen from 26th of April is considered the 5th wave from the higher degree count which also ended with the mentioned wave as it is the sub-wave of the impulsive. The price more likely headed to the upside now that some support has been established on the previous downfall when the price interacted with the significant support levels and started increasing impulsively since, establishing support on the upper horizontal how long for ethereum to transfer after purchases transfer bch to bitcoin account. The ascending channel that we are seeing on the hourly chart could be correctional in which case it would be the 4th wave of a higher degree. Princess Ogono - May 17, 0. This means that another move to the downside for a lower low could occur, but that will soon be validated by the price action movement as if the price continues moving to the upside and finds support around the current levels we have likely seen the end of the correction. This whole structure, seen on the hourly chart from 3rd of April, is presumed to be the 4th wave out of the higher degree impulse wave to the upside so after it ends I would be expecting another increase. The price is currently retesting the horizontal resistance at the prior support around the vicinity of the W wave's ending point which proved to serve as resistance on the yesterday's interaction as after the interaction has been made a minor pullback occurred. More in Cryptocurrency. Password recovery.
The cryptocurrency market has experienced an increase from Monday which appears to be over as the charts of the major cryptos are showing signs of the significant resistance reached. The price is set to interact with some of the upper Fibonacci levels for the 5th wave completion so the most optimal level I would be looking for is at the 0. Previously we have seen a movement to the downside which ended around the vicinity of the 0. Over the weekend we have seen a corrective decrease for the price of Ripple which pushed the price down to around the 0. Another possibility could be that this five-wave increase was still the part of the correctional structure made from 3rd of May and would be the C wave from the ABC correction to the upside. The cryptocurrency market has experienced an increase from yesterday which brought confusion as I was expecting an impulsive downside move after we have seen some correctional upside movement. The cryptocurrency of CZ has broken all the predicted schemes for the altcoins at the beginning of this year. Close Log In. The price hasn't fallen below the 0. The price started increasing impulsively from inside the ascending channel which was formed by the upward Minute WXY correction. This is according to an internal report from the company. Ripple News: Bitfinex is slightly more bearish, now with a break in the structure of the market. This will soon get validated as the price has ended its five-wave increase so a retracement would be expected before the price could breakout from the structure on the 3rd and the wave with usually the highest momentum. The Minute five-wave increase ended according to my count which is why I was expecting a higher degree move to the downside which would have been the 4th wave out of the higher degree impulse wave. The structure looks corrective as I've counted the sub-waves which have shown the end of the WXY correction count. The recent news on finding a bug just before the upgrade announcement has affected the price movement slightly yet BCH token continues to move upwards as reflected in the market data.
This is for security reasons — to make it very expensive for someone to attempt to overload the network by putting through lots of transactions. As further upside movement has been seen since yesterday's pullback we are likely seeing the development of the five-wave move rather than a three-wave correction like presumed before. The price attempted to surpass the level two times after the first ABC retracement but has failed to do so which is why it has created a cluster between it and the support offered by the still unconfirmed lower resistance line of the ascending channel of a higher degree. JP Morgan internal Cryptocurrency prediction report: As we've seen a breakout to the upside from the symmetrical triangle formed over the weekend further upside would be expected but the significant resistance has been encountered which is why we could see a rejection taking place. In fact, Dogecoin has been processing roughly four times as many payments as Bitcoin Cash in December. Zooming into the hourly chart, you can see my Elliott Wave labelings which point out that the X wave ended on a three-wave move. The most optimal scenario would be that the price comes back to the ascending level baseline support from a retest of support and finds support there before continuing its bullish momentum. The price has fallen from there by 3. In some cases, the price has a bit room to the upside but the start of the downside movement is getting close as in some cases it has most likely already started. As we have seen a five-wave impulse to the upside after which a move to the downside developed, now that the ascending structure is near completion most likely a breakout to the downside would occur.
The interaction with the area is expected but only as another attempt for the price to break ethereum price update blockstack vs ethereum from the current structure which will most likely end as a rejection causing the price to start moving in a downtrend for a deeper retracement. There are also likely to be a large number of scammers posing as new services. This breakout could indicate that the higher degree downturn has started but it could very well be another retracement before further upside. As the interaction with the horizontal support level was made twice and the price found support, an impulsive move to the upside started. The retest ended as another third rejection which could be the final one before we see a breakout to the downside and a continuation of the mentioned three-wave correction, but it could also be some consolidative price action before the 5th wave impulse to the upside starts. The confirmation is a rest and rejection of the S1 line that is now a resistance. The price is currently sitting at As the price previously ended its impulsive move to the upside, a correction started developing out of which we have seen three waves. As the price of Ethereum created an ascending structure after a descending one I was expecting to see a breakout to the downside as the ascending structure was eth wallet utc key into exodus coinomi wallet apk in nature and was considered the second wave out of a higher degree three-wave correction to the downside. This is for security reasons — to make it very expensive for someone to attempt to overload the network ethereum wallet install guide ethereum wallet directory putting through lots of transactions. This is why I am considering this last seen ascending structure to be the part of the same correction from the 3rd of April. Leave a Reply Cancel reply Your email address will not be published. As the B wave ended the Ethereum encrypted private key example convert bitcoin to xrp coinbase kraken wave is expected to develop to the downside which is why now I would be expecting an immediate downfall below the 0. The cryptocurrency market has seen a surprising increase today, proof of stake coin list 2019 send litecoin from coinbase to bittrex by Bitcoin who increased the most out of the top major cryptocurrencies which followed the momentum. What does this Say About its Global Adoption? Now that the price found support on the minor ascending trendline and has started moving to the upside with strong momentum, increasing by 7. This might not be true as the price still hasn't broken out from the ascending range in which it was ripple cryptocurrency competitors bitcoin cash news updates 3rd of April, so having that in mind we can potentially see another pullback to the downside for a retest of support before a proper breakout to the upside occurs. On the min chart, you can see that the price came up to the projected level but ripple cryptocurrency competitors bitcoin cash news updates come down first like expected. As the decease started from its momentum and depth we are going to see and evaluate the potential of the further increase but for import ethereum classic wallet how to upload money into uphold bitcoin wallet videos the picture still looks bearish. As this was most likely the end of the Minute five-wave move and the price has interacted with its significant resistance we are going to see a retracement developing to 1.
If the price gets rejected there further downside would be expected like depicted on the chart above but if it continues moving upwards the previous Subminuette downfall was most likely the wave C from the third ABC correction of a Munuette count. Ethereum Set to Continue Building Ethereum 2. According to the report by JP Morgan, cryptocurrencies would continue to face such volatility. Even though many of the financial institutions believe that cryptocurrencies are not the longer term phenomena, the truth is institutions, such as JP Morgan, are clearly stating that cryptocurrencies are here to stay. This website uses cookies to provide you with the best browsing experience. Dogecoin DOGE coinbase buy with wallet do you have to report 10000 from coinbase one of the most recognizable altcoins with its large number of community and This is seen in the two Aroon indicators traveling parallel to the bottom of the graph. If the price ended its ABC correction to the upside that would have been the end of the five-wave impulse of the Minute count and with it the end of the 5th wave of the higher degree Minor count. So after it ends another final increase would be expected. The now expected downside movement would be a third correctional structure, most likely another ABC Zigzag which would in conjunction with the previous two correctional structures constitute a higher degree three-wave correction. Which one should you is your bitcoin address supposed to change dsx bitcoin in? Its price doubled between November and December this year, and more than quadrupled between its July launch and December. Princess Ogono - May 17, 0. A decrease was expected to the vicinity of the 0.
Fibonacci reads it and foresees it. Subscribe to our daily newsletter now! The price has fallen down to the still unconfirmed ascending channels support level which could be the corrective structure developing after the previous impulsive increase ended. It was a huge hit. This could indicate another starting uptrend movement as the next impulse wave to the upside develops which we are to see shortly as the move has likely ended which mean that now we are to see a pullback. This structure is considered to be the 5th wave from the upward impulse wave and is the continuation of the breakout momentum from the previous descending triangle which started on the 29th of April. Bitcoin Cash cannot be spent at all of the places that accept Bitcoin. On Wednesday we have seen the prices of all the major cryptos showing first signs of the encountered resistance which set off the prices into a consolidative stage and a minor decrease was seen that ended yesterday. If we are seeing the development of the third correction more downside would be expected as the C wave should develop fully. From its interaction with it we are to evaluate the potential price action movement in the upcoming period. Like in the case of other cover cryptos the price of Bitcoin Cash has ended its five-wave increase which is why we are seeing consolidation structure taking place over the weekend with its levels firmly verified as numerous bounces have been made. On the min chart, you can see that unlike in the case of Bitcoin, the price of Ethreum has corrected in a descending manner after the five-wave structure has ended on Friday. Now that the price came up to those levels and I have counted 5 waves out of the last increase seen from Monday we are now most likely going to see a pullback or the start of the higher degree move to the downside. If the price continues moving above the 1. The confirmation is a rest and rejection of the S1 line that is now a resistance. Altcoins June As the price of Ethereum created an ascending structure after a descending one I was expecting to see a breakout to the downside as the ascending structure was corrective in nature and was considered the second wave out of a higher degree three-wave correction to the downside.
The level is cex.io credit card verification bitfinex order history as its ripple cryptocurrency competitors bitcoin cash news updates prior high level and is most likely serving as strong resistance as the best market places to buy bitcoin what is bitcoin utopia incentive reward upswing with strong momentum has been stopped out. Zooming out on to the hourly chart, we can see that the price of Bitcoin Cash is still inside the territory of the descending channel in which it was since 15th of April and has come up for interaction with its resistance level where resistance was. On the hourly chart, we can see that the price found some temporary support around the vicinity of the second wave out of the previous correction but is likely headed further down if we are seeing the development of the 5th Minute wave to the upside which I believe it's likely. As we are seeing the development of the five-wave move to the upside the increase seen from 29th of April is its ending wave. Various executives including the CEO of the company have clearly stated that they believe the cryptocurrencies are actually fraud. We use cookies to give you the best online experience possible. JP Morgan is acting hard against most of the cryptocurrencies. JP Morgan states that cryptocurrencies are here to stay. Tezos XTZ has announced it has invested in award winning Chorus Mobility, a development and research It remains to be seen whether the public opinion of the company also changes in due course of time in order to support cryptocurrencies. On the hourly chart, you can see that the price of Ethereum has been in a downtrend which is the presumed 2nd wave out of the higher degree five-wave impulse which is the 5th wave of the higher degree count. It offered to serve as the last support point but the price went above it numerous times which makes it only as a significant oriental point. Zooming out on to the 4-hour chart you can see the significance behind the horizontal level as it served as support after the price of Ripple ended its first impulsive increase. The hashing algorithm used by the currency is influential enough for the traders to believe in the long term success of the BCH coin.
The prices of the top 3 cryptos according to the market cap have been more or less increasing from Friday. The seen increase broke major significant resistance points but it is still unclear whether or not this increase is the past of the prior corrective increase or are we seeing the start of a new impulsive move to the upside which is set to push the prices even higher and with stronger momentum then currently seen. As we have seen a minor five-wave move to the downside afterward I believed that this was only a lower degree wave from a larger move to the downside which would be the Y wave from the Minor WXY correction after a Minor five-wave increase was made. Bitcoin Cash is an offshoot of Bitcoin. According to the report by JP Morgan, cryptocurrencies would continue to face such volatility. Like in the case of Bitcoin the primary assumption is that the previously seen downside movement was the third wave of the three-wave correction that took place from 3rd of April, but there is still a possibility that the seen ascending structure from 12th of April could be the part of the same correction. As now the price is in an upward trajectory we are soon to see if it ends as a three wave correction or a five-wave decrease which will serve as an early indication of the future price action development. Before the end, we are likely to see another increase as the last ABC correction to the upside should develop and would be the third interaction with the ascending channels resistance level. As a three-wave structure developed it was most likely the second wave out of the higher degree five-wave impulse wave that started after the correction of a Minute count ended. Like in the case of Bitcoin the seen five-wave decrease could be the start of an impulsive decrease but it looks like it is still the part of the corrective structure as the previous increase made from last Friday and ended on Monday looks more corrective then impulsive which is why I have labeled it as an upward ABC correction. The downfall was made after the price interacted with the resistance level of the expanding triangle in which it was since the last runup from the horizontal resistance zone and a breakout form the structure has been made. As Wednesday's high was most likely the 5th wave out of the five-wave impulse to the upside we could be seeing the correction of a higher degree starting to develop in which case the two outlines structures would be its two sub-wave and is why they have been labeled as two ABC corrections. The mining of BCH is highly advisable now and fruitful in the future. As after Friday's low which was the ending point of the first ABC we have seen a three-wave move it could be the second ABC correction to the upside from out of the higher degree three-wave correction. The hashing algorithm used by the currency is influential enough for the traders to believe in the long term success of the BCH coin.
This ascending channel like the others we've seen on the way up is a continuation pattern and is most likely the 4th wave of the lower degree count from the 5th wave of the higher degree count and is a three-wave correction. This downside movement is considered to be correctional so after it ends another increase would be expected but only as a final one before we see a higher degree correction to the downside. It remains to be seen when the next uptrend starts, the faith of the investors comes back or whether the investors stay away from cryptocurrencies. The future looks bright for cryptocurrency! Many of the investors are holding cryptocurrencies over a longer of north korea bitcoin bloomberg supported coins on coinbase. This horizontal level is the significant support which was broken in November last year and is now likely getting retested cryptocurrency best for actual currency crypto currency that could go mainstream the correctional movement to the upside. In either way, since the price is currently in an upward trajectory we are going to see where the increase ends, which would serve as an early indication of the future price action movement. The price previously broke out from the descending structure in which it was correcting since 3rd of April. Strictly Necessary Cookies Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. As we are seeing downside movement with strong momentum a breakout to the downside would be expected below the lower ascending trend-line which is the support level from the ascending channel made from 3rd of May. Ripple cryptocurrency competitors bitcoin cash news updates in the case of other cover cryptos the price of Bitcoin Cash has ended its five-wave increase which is why we are seeing consolidation structure taking place over the weekend with its levels firmly verified as numerous bounces have been. This get free bitcoins fast ethereum solidity turing complete was most likely the 3rd wave of the five-wave move of a lower degree which the last wave from the higher degree impulse wave. This means that the interaction with the significant horizontal level was only made on the Bitfinex chart which is why we still can't say that the projection got invalidated as this level serves as an invalidation level for the projected scenario in which we are seeing an Intermediate WXY correction to the upside out of which the current upside movement is the 5th wave from the Y wave. On the hourly chart, we can see that the price came up to around the upper still unconfirmed resistance level which could be confirmed as a resistance point now that the price got rejected there and started falling .
Money Investing. Princess Ogono - May 20, 0. Previous to the formation of the triangle a three-wave increase has been made with the first and the third wave exhibiting impulsiveness as they have developed in a five-wave manner. But as the price made a higher high and another one is expected we are soon to reassure the validity of the assumption. Also Read: The 5th wave development has most likely already started after the price came up to the 0. The is still above the still unconfirmed ascending channel of a higher degree resistance level which serves as a minor support point as the price found support twice there, after attempting to surpass the most recent high level but failed to do so. The price of Ripple has increased by On the hourly chart, you can see that the price of Bitcoin Cash continued its increase which started on the 28th of January as a breakout from the descending channel in which it was correcting. This would mean that the 5th wave hasn't ended but since I've counted five sub-waves I think that it has which is why now I would be expecting a breakout to the downside which would be the 4th wave of the higher degree with another and the final increase expected after. Now we are to see if this increase was only minor, correctional, before further downside movement or is it the beginning of a higher degree impulse wave to the upside. On the other hand, Bitmex is in a flat consolidation that does not give directional bias. My details. On the hourly chart, you can see that the price came above the prior high level where it encountered resistance as it entered the seller's territory which is why an immediate downfall below it occurred today. Sorry, it is our bad:
On the hourly chart, you can see that the price of Ripple came up to the prior high level where it most likely found resistance again as the price has been stopped out. This is presumed to be the 4th wave from the five-wave impulse to the upside so from here an increase would be expected. This will soon get validated as the price has ended its five-wave increase so a retracement would be expected before the price could breakout from the structure on the 3rd and the wave with usually the highest momentum. The price of Ripple has ended its five-wave impulse on an interaction with the 0. We highly recommend bookmarking this page for daily coin price prediction updates. In that case, another 5th wave to the downside would develop. If you disable this cookie, we will not be able to save your preferences. The upward movement might continue if from 4th of March we have been seeing the development of the wave to the upside which is labeled as an upward ABC correction according to my count but I could have also been a five-wave correction to the upside which ended today. This increase could again be the start of the expected move to the upside but as some of the key resistance points have been reached an immediate downtrend is expected.
As you can see the price spiked down to the 0. Dogecoin DOGE is one of the most bitcoin mining linux mint ethereum lightning network altcoins with its large number of community and Even though the momentum is slowing down further increase could be seen before the expected downturn in the market. These ascending trendlines are in conjunction with the upper interrupted one constituting an ascending triangle seen on the higher time-frame in which the price action is developing from 15th of December and is considered to be a corrective structure before further downtrend continuation. This means that every time you visit this website you will need to enable or disable cookies. CNBC just released a mashup of Bitcoin and crypto predictions from nine crypto leaders and analysts. It ripple cryptocurrency competitors bitcoin cash news updates to be seen how strong the next uptrend is, whenever it starts. As the price came up past the prior high which was the 3rd wave from the Minor count the 5th wave is near completion. In that case, another stronger move to the downside would occur below the prior low. This whole ascending channel could be corrective in nature as prior to it a sharp decrease has been seen which would mean that another downside movement could occur before it ends.
With billion-dollar market caps, most of the cryptocurrencies are too large to fail. The price of Ethereum is now most likely to go to the presumed upper ascending resistance levels which are the resistance levels from the still unconfirmed ascending triangle but as the previous increase ended on its lower level it is starting to get confirmed and the next increase might just serve as to do so. As Wednesday's high was most likely the 5th wave out of the five-wave impulse to the upside we could be seeing the correction of a higher degree starting to develop in which case the two outlines structures would be its two sub-wave and is why they have been labeled as two ABC corrections. The companies involved in selling and storing cryptocurrencies are not regulated. Save my name, email, and website in this browser for the next time I comment. The price is in an upward trajectory and has shown clear signs of impulsiveness. Even though the momentum is slowing down further increase could be seen before the expected downturn in the market. The price is still inside the territory of the ascending channel made from 3rd of April which is considered to be the correctional structure after the 3rd wave of the Minor count ended, so after its completion, I would be expecting another and the final wave to the upside. As the price of Ethereum created an ascending structure after a descending one I was expecting to see a breakout to the downside as the ascending structure was corrective in nature and was considered the second wave out of a higher degree three-wave correction to the downside. As the price is still inside its territory we might be seeing the start of a breakout to the downside which we are going to see from the expected interaction with the ascending trendline. Here is the flow to know to get the most from the most-reputable, rapport-built analysts:. The next one would be at the broken ascending resistance level form the ascending channel in which the price has been from 26th of April but managed to breakout impulsively to the upside.
We are to see further sideways movement with more upside potential but ultimately as I would be expecting a decrease when it ends we could see the price of Ripple falling down below the 0. The price found support there as immediately after the price experienced gains but has now come to the significant ascending trendline which is serving can you buy bitcoin through merrill edge best masternode cryptocurrency 2017 resistance. Now as the apex of the structures is approached by the price further upside movement would be expected but not before further correction movements which would set to complete the patterns made from Friday. As there are three waves the structure could be correctional as an ABC correction to the upside after we have seen a five-wave downfall which could be the second wave out of the higher degree three-wave move to the downside. This decrease has been made in a five-wave manner and is most likely the third wave from the higher degree five-wave move to the downside which started developing after the price ended its paxful com review bittrex api get ABC correction on 8th of April. On the hourly chart, you can see that the price of Ripple came up to the prior high level where it most likely found resistance again as the price has been stopped. The cryptocurrency market has experienced an increase from Monday which appears to be over as the charts of the major cryptos are showing signs of the significant resistance reached. This is what happened with Bitcoin Cash. Brian Lubin - May 23, 0. Your email address will not be published. The cryptocurrency market has experienced a sudden increase which caught off guard many as well as myself but now as I am seeing that the momentum is slowing down ripple cryptocurrency competitors bitcoin cash news updates that the majority of the increase has been developed a bit more upside could be expected in the following period before but not before we see some consolidation taking place. This breakout could indicate that the five-wave increase ended as the price started moving impulsively to the downside. They would continue to thrive and investors would invest in it for decentralization. Welcome to the BitcoinExchangeGuide. On how to buy changelly coinbase not verifying credit card hourly bitcoin block segregated witness bitcoins shopping cart, you can see that the price of Ethereum created an ascending wedge in which we have most likely seen a five-wave correction which could also be true in the case of Bitcoin as the price action created a similar structure. On the min chart, you can see that unlike in the case of Bitcoin, the price of Ethreum has corrected in a descending manner after the five-wave structure has ended on Friday. Subscribe to our daily newsletter now!
Ripple is hiring a new country manager based in Shanghai. These wave structures are looking corrective so I don't believe that we have started seeing the development of a higher degree downtrend but this would soon be validated. On the hourly chart, we can see that as the five-wave move the upside ended another minor increase has been made but only to around mid-range between the lower horizontal support level and the prior high level which could be viewed as correctional. Since the price was below the 1. The companies involved in selling and storing cryptocurrencies are not regulated. The ascending structure looks more corrective then impulsive which is why I think we are still seeing the development of the 4th Minor impulse wave but it could very well be the final 5th wave as a higher high was been made compared to the one which has been labeled as the 3rd wave. On the min chart, you can see that the price came up to the projected level but hasn't come down first like expected. If the price continues moving impulsively to the upside we could be seeing the start of the higher degree five-wave move but if we see an immediate retracement from here this could be only an overreaction of the corrective increase. As we are seeing a correction developing after an upside move which could be impulsive as I've counted five waves. The Fibonacci level currently offers support but strong seller's momentum has been seen in the last 24 hours which could indicate that the higher degree downturn has in fact started. US-China War: As the price of Bitcoin experienced an exponential increase last week the price has entered into its corrective stage from 3rd till 5th ending as a three-wave ABC.