Bitcoin analysis for 22/11/2017

Gary Vaynerchuk at ComplexCon revealed his vision of Bitcoin’s future and blockchain technology.He is a well-known entrepreneur, president, and co-founder of VaynerMedia, a digital agency serving Fortune 500 clients. Gary admits that he understands the theories behind the technology, but has not spent much time delving into applications and solutions. For now, there are no plans to open a business in this industry, but as an entrepreneur, he is watching the market closely for potential opportunities. He pointed out that in 2006, when he began his career in exactly the same way he observed the YouTube market. For the entrepreneur blockchain technology is a real breakthrough. This is the beginning of a new era in technological development as he added that business opportunities with blockchain technology are endless.

Let’s now take a look at the Bitcoin technical picture at the H4 time frame. The projected target for the wave v has been hit and now the full impulsive five-wave sequence is done. Nevertheless, there is still no sign of any reversal from the current levels as the market is consolidating the gains in the zone of $8,077 – $8,365. The diminishing momentum still supports the downside bias though.

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Source:: Bitcoin analysis for 22/11/2017