BTC emergency update 25.12.18
Guys, this is starting to look like we hit the Jackpot. BTC is doing exactly what it should in a wave 2 correction.
What we want to see now is a wave B upwards and a sharp wave C down, which, in a perfect world, would land around 3500$.
If we see that, it would be the perfect buying opportunity. If I want to buy something, the end of wave two is always the safest place to do that, because I know exactly when I have to cut my loss (@3122$).
I am definitely going to buy BTC at the end of wave 2. And STEEM too.
What we don't want to see is BTC falling below 3360$ as this would signal DANGER that it wants to create new lows.
.png)
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is entirely at your own risk. I am not responsible for any of your losses. By reading this post you acknowledge and agree that you will never hold me liable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
#bitcoin #btc #crypto #cryptocurrency #cryptocurrencies #steem #sbd #ethereum #eth #ripple #xrp #bitcoincash #bch #eos #litecoin #ltc #stellar #lumen #xlm #digibyte #dgb #cardano #ada #iota #tether #neo #tron #trx #omg #verge #xvg #bitshares #bts #nano #monero #xmr #dash #ethereumclassic #nem #binance #binancecoin #vechain #tezos #omisego #steemit #money #life #altcoin #altcoins #trading #investing #investment #investments #forex #forextrading #market #finance #gold #silver #commodity #commodities #stock #stocktrading #stockmarket #facebook #fb #apple #aapl #spx #xau #xag #usdjpy #usd #amazon #amzn
I bougth some STEEM with the short money XD
But don´t worry it wasnt at your expense....
I am also a trader. This drop was god sent to everyone to see XD
Merry Christmas!
Yes, exciting developments. I already bought some @3750 (Bitmex). Wave 2 may have ended already. But I agree that preference must be given to an abc correction towards the 61.8% level.
So you're saying we're going for a trend reversal starting with January 2019?
Cheers!
Yes, that is what it looks like to me, if we don't breach 3360.
It would be nice. So according to you, we already hit our lowest (if we don't break 3360)?
I hope you're right.
Hoping you are right and we get some true bullish move very soon 😃
Posted using Partiko iOS
Almost as if people are just trying to make a quick buck on the market before the month's end so they can pay their credit card bills for Xmas :-D!
Or the market knows that nobody is watching so everybody misses the opportunity to get in before the New Years Eve rocket ;-).
How do we know that this is the start of an impulse wave and not the A wave of an ABC correction?
We don't. But I tried to make a big ABC work with the big picture count and I count not find any match.
So either I did not find a possibility to make it work or it just doesn't work...