BITCOIN & GOLD TO OUTPERFORM STOCKS

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Bear Market seems to be starting again in the S&P. Oil prices going down reinforce it predicting an economic contraction and not expansion that would fit with the 3 tops of the S&P being broken.

I have revised my Elliott Wave analysis to suppose that we’re now in the big WAVE V of the upward cycle that started in reality in the $5,00 level and not in the $0,07 level. After all no stock price starts at zero! With that, the projections that one could do for Bitcoin are astonishing:
– If it only repeats wave 5 of WAVE III – $ 65k
– If it repeats WAVE III – $ 340k
– If it repeats WAVE I – $ 720k

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DECLARATION OF EXEMPTION FROM LIABILITY
As determined by the CVM (BRAZILIAN MARKET AUTHORITY) Resolution 598/2018 in its Article 21.

THIS ANALYSIS REPORT WAS PREPARED BY FAUSTO DE ARRUDA BOTELHO, ANALISTA DE VALORES MOBILIÁRIOS (“ANALYST”), PROPERLY CERTIFIED BY APIMEC NACIONAL (BRAZILIAN MARKET AUTHORITY ELECTED BY CVM), TO EXERCISE THAT FUNCTION IN ACCORDANCE WITH CVM INSTRUCTION No. 598, OF MAY 3, 2018. THE ANALYST DECLARES THAT THE RECOMMENDATIONS OF THE ANALYSIS REPORT REFLECT ONLY AND EXCLUSIVELY HIS PERSONAL OPINIONS AND WERE INDEPENDENTLY PROCESSED. FOR ALL PURPOSE, ANY AND ALL PHYSICAL OR LEGAL PERSONS HAVING ACCESS TO THIS ANALYSIS REPORT WILL BE CONSIDERED USERS. THE ANALYST IS NOT RESPONSIBLE FOR ANY OF THE OPERATIONS WHICH ARE OR ARE COMING TO BE PERFORMED BY THE USERS AND DISCLAIM ANY AND ALL LIABILITY FOR ANY DIRECT OR INDIRECT PROFITS OR DAMAGES ARISING OUT OF THE USE OF ANY INFORMATION CONCERNING THE REPORTED ANALYSIS REPORT. THE USER HAS EXCLUSIVELY THE DECISION TO PURCHASE AND / OR SELL SECURITIES OR CONTRACTS TRADED ON A OTC (OVER THE COUNTER) OR EXCHANGE MARKET OR CRYPTO EXCHANGES AND THE POSSIBLE PROFIT OR LOSS ARISING FROM SUCH DECISION. THIS ANALYSIS REPORT CAN NOT BE REPRODUCED OR REDISTRIBUTED, WHOLLY OR IN PART, WITHOUT PRIOR WRITTEN CONSENT OF THE ANALYST.

#binance coin #ltc #bitcoin

BITCOIN & GOLD TO OUTPERFORM STOCKS

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Kane Dane