Around $9950 I already thought bitcoin was close to a top, but then, this is bitcoin and it never stops surprising. We had a massive run towards the $11.8k resistance. But now it seems to be making an ending diagonal in the fifth, of the fifth, of the fifth wave. According to the theory, this suggest a fast drop. By principle this is positive as you will be able to pick up some more at lower levels. However, if you're a trader, it may be a good idea to take some BTC of the table. We should be moving towards $7400; perhaps lower, after a quick, last move up to a new yearly high. Enjoy!
