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RE: BTC_Morning Update: What are Fractals?
13600, no lower - Haejin may still be at 15k, but I said down to 12k maybe yesterday - still, 13.6k is my best guess. I had been hoping for 8k like Mike Novogratz and all you guys, and dreaming of $4 to finally get my Lambo - but let's face it boys, talking it down on steemit and CNBC for Roger & Ver just may not work out.
Most people hodle along anyways and all the Indian peasants and their Rupees are now excluded from Bitfinex and Binance, so they cannot be made to panic.
For the current leg down you are right, - we are looking to bounce from $13550-13600. But impulse waves don't start by bouncing around. Especially third waves.
Yes, there's a very strong band of support between $11700 and $13860 provided by the Gann's square of 9 daily cycles congestion zone and we will need quite some time and effort to level it off and to eventually break it through. But once it's done there's nothing serious to hold this market all the way down to 233 days WMA currently @ $7700
Last but not least we are not talking tomorrow or next week, we are talking 6-8 months from now.