BTC is going down in wave C as predicted... I will show you what is clear and what is still unclear
Right now BTC is doing the move down that I predicted in my last post. I want to cite myself:
Update: BTC target after the next move up is 3400$ could be enough, we will see... Making a new post in a few hours..
BTC crashed right through it, showing extended waves down. This means more downside is coming.
The count is clear until this point:
This is one wave degree down into green wave 3 developing:
Green wave 3 will very likely reach 3000$ which means that 2500$ is the most likely target for this correction to end as I predicted 5 days ago! in this post:
https://steemit.com/bitcoin/@ew-and-patterns/btc-update-09-09-17
Be sure to read it again, but don't look at the picture because it is not valid anymore.
The cluster zone is like a magnet...
If you look at the history of BTC you will find that 50% corrections from ATH are nothing special, they are very common. We had a few of those already...
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If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
well, the drop comes after China and JP Morgan took some action against cryptocurrencies. The question is: Is there still something coming from the governments and financial institutions against Bitcoin and Co. or will they stop their attack ?
In my opinion news don't matter much. The news came to justify the move. But most people don't think like me.
Sneaky Ninja attack!
You have been defended!
3.90...
To help keep my Jōki (蒸気) power strong, I rely on the support of my fellow #thealliance brethren.
When able, please upvote my attacks so that I may stay mighty and continue to defend and protect our beloved team!
woosh
Bitcoin will begin it swing soon after the minor correction ..
Never selling
Once again it seems so obvious that the Chinese are certainly dominating the most of the cryptocurrency market and I don't like it at all.
People are Selling out like Rats running out of a Sinking Ship.
Personally I am going to HODL I never keep too much Bitcoin either way. I keep only 1 BTC locked up in my Vault Storage which I bought at about 318 USD and have made a Resolution to sell it on my 28th Birthday regardless of the Price situation.
Yes, only once the fear of investors has cleared the market (fleeing rats), BTC is able to make new highs. Always the same. People who sold low are the one who will facepalm hard a few months later.
I am going to HODL too, neither selling nor buying.
bitcoin to touch 2500-2700 usd in my opinion
Great info! And spot on! Upvoted and resteemed!
You have been right and you are right. Great post! All we have to do is to wait without any panic. And then we will take the next chance to buy. Lucky hands!
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In my honest opinion I thought it was going to drop around $3000 so if it hits that mark im going to buy more even if it falls below that its fine, BTC always climbs back up :)