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RE: Bitcoin (BTC) Morning Update: An ABC is Now in Progress

in #bitcoin7 years ago

bitcoin will probably remain a little stagnant, as the market is on edge and doesn't want much risk at the moment. in a couple months I think we will have a better gauge on whether we could see a spike later this year or if we should hodl for dear life.

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in a couple of month? no way, the stock marked crash is just around the corner, wave c is incoming. guess where some of the capital will go. it fits together greatly with heajins count and time of bottom c should be within a week.

you think the market is going to crash in a week? lol wtf

you cant project time but around march would fit, check the dow, wave a completed, b in progress, whats next you guess

don't get me wrong i want a crash so i can buy cheap, but even if the dow lost 15% overnight it would still be at a healthy level in terms of a 7% avg over time

sure, but what we have witnessed in february (-12%) has most likely just been the beginning, you rarly find a retracement that falls just once, typically you have an abc correction.

I'm making sure that I'm ready to buy in at march/april because based on EW I really expect that the early febraury dip has just been an anncouncement of something bigger.

If it plays out this way I hope you are setting your buy orders and I wish you massiv profits! :-)

Btw: if you count the large trend waves, we will face a final bull run (wave 5) after this crash which will go on until around 2020-2022, and then (according to EW) it is doomsday since we have never witnessed a correction of this degree of trend. Some analysts are already predicting WW3 based on this.