Bitcoin Price Successfully Tests Support

Bitcoin price, over the weekend, unfolded five declining subwaves and should now advance. The prevailing pattern of price shows similarities to a pattern at the end of January (prior to consolidation) and another in mid-February (prior to advance).

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Bitcoin Price Analysis

Time of analysis: 04h45 UTC

Bitfinex 15-Minute Chart

Bitfinex 15-Minute Chart

From the analysis pages of, earlier today:

Bitcoin price has made five declining subwaves and should now advance.

Advancing in 5 waves to the purple 800MA near $286 will be a sign that a new advance has begun.

Three waves of advance that fall short of the 800MA will warn us that the current sideways structure is incomplete or that decline may resume.

Gold and Precious Metals

Of great interest this morning, is the collapse in the price of Gold, Silver and Platinum.

At the

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