Here is again the bigger picture of BTC. Why am I showing this? Because it is decision time again:
.png)
BTC is literally at a cossroads. It broke the downtrend and is now within the old uptrend again, but there is a problem:
BTC is likely still in yellow wave 5.
The coming correction will likely bring it back down again like this:
.png)
At the wave 2 low BTC has to show some good upward momentum, which is what we will be looking for.
The only good thing about this is: IF we see it develop like in this last pic, the chances of BTC dropping down to 4000 later this year will be very low... Stay tuned...
.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, and never will be a financial adviser. 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 (from my personal experiences) 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 completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable 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 :-)
#crypto #cryptocurrency #steem #sbd #bitcoin #btc #bch #eos #ethereum #eth #litecoin #ltc #ripple #xrp #stellar #xlm #nano #cardano #ada #vechain #digibyte #dgb #binance #tron #trx #iota #neo #xmr #dash #omg #verge #xvg #bitshares #bts #finance #money #investing
Well i definitely hope it doesn't drop that low. Then again it would be nice so we can all accumulate more, but that would send the market into a frenzy. I'm looking forward to getting back to the 20k days.
As as long as we go up in the long term , corrections are weclome. I'm not worried at the moment.
This is my mentality as well.
Its helpul post for the btc invester.By which you know the report. Work your best for the btc update But what is the future of the btc.Excplain it.
Thanks for great post..I appreciate this crypto currency..all the best..
Great post.I think that in 2018 cryptos will go high like in dec 2017 if not higher.This might be the perfect moment to invest.
At BTC spring. As in nature.
White wave 5 of blue 1 could also be very extended and go up to to $11,500-11,800 zone, which has been the strongest resistance for 3 months now. And then a retracement to $9,000-8,500 (= Fib 0.5 / 0.618 of what you name "blue 1" degree of trend).
We're supposed to have started wave 3 of a higher degree since April 6th. This might very well be surging up from times to times as we've seen these past weeks.
I'm really looking forward to this.
That would be way too easy for investors. I don't think we will see a big surge before wave 3 of 3.
Be greedy when others are fearful!...
Crypto will naturally rise and fall. I fully believe that we are on an uptrend and it will continue on through the summer into the fall. Then it will make a correction again. Buy now and hodl.
Personaly I think it will follow a trend pattern similar to last years one. up till may then down then a strong end of the year
Excellent information friend and very good graphics thank you appreciate this post greetings
Important information and amazing thanks to this publication for your information on culture
This has nothing to do with culture. It would be easier to just read the post and try to make an honest reply!
It could be running side ways for awhile. It may look more like the red wave and in your graph. Seems $9 grand is the threshold it is trying to break and maintain. May should be an interesting Month, the big hedge funds want in. Lets see what congress does in the U.S.
A lot of institutions are waiting for legislation not only in the US once that happens prices will explode but if a new fud comes out like china ban or korea ban fud more depressing times will follow