The last bullish scenario I can find is this. If it does not follow this path, I think BTC will drop to a new low close to my 2,500$ target for the bearish case.
Don't be mad that BTC might drop hard, don't be mad that your blogging payouts are going to shrink even more. It is part of the game. Without those annoying periods of FUD, there can't be new alltime-highs.
But once the sentiment turns, it will be all worth it, believe me.
Remember when BTC was between 15,000$ and 20,000$ and rising fast? I had my best post reward me with 300$ (worth 1200$ in USD terms) which was totally insane !!!
Now imagine this x2 when BTC is finally in a stable uptrend again and on its way to 40,000$... stay humble.
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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.
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Have a nice day :-)
Appreciate the sound trading advice. Considering all scenarios and staying patient is key to successful trading. I always try to visualize all possible scenarios, especially worst case, to prepare myself for what the market has to offer.
thank you for the information
Yupppp i agree with you
Don't worry, this is textbook Elliot waves now in progress, with an ABC landing on Fib 0.618 at around $8242. Then we shall retest many resistances, but the volumes for the iSHS are confirming right now, this looks very promising.
I still agree though that there's always a chance a different scenario, a bearish one, occurs. This is ALWAYS the case whatsoever, even during a bullrun shit may happen.
Yep i have the same count for XVG (typically mirroring BTC).
ABC zig zag correction currently on wave 2 of C
Many alcoins have this triangular figure. I hope you break the BTC up and the other alcoins accompany the climb.
same for XRP. Most importantly, take a look at both XVG/BTC & XRP/BTC > they are about to surge any time soon! Why ? Because they're at the very end of a triangular correction.
Most of the altcoins are in the same triangular correction. Lets hope the bulls have enough power.
I hope you are right about the new uptrend! I need to cash out some btc in the next few months and could do with a decent rate!!
Have a nice day too! :D
Nice that you are predicting on both sides that no one can complain^^
Yh really informative and captures the thoughts of many hopefuls. Hope the crypto shoots over the counter pretty soon
Great post I love it
Nice post.....Thanks for sharing........
Yeah man, i've noticed the post payouts already falling significantly. We gotta keep patience!!
Is the inverse head and shoulders with bottom at $5900 not on the cards anymore? Many thanks
It is still on the cards, but only like this if you ask me. We can only hope that it turns above 7,900$ and completes the right shoulder afterwards.
Thanks.
So suppose I should load up more.
Really good thinking. We have to think long. That's why I sold some of my Verge and Stellar to and put them on STEEM. I don't know much EW and TA. So correct me if I'm wrong.
We cannot see BTC going below yellow wave 2. So that's a safe point to get in cheap.
Of course it can go below yellow wave 2. But the bullish scenario will be unlikely if it does.
I wrote that it will drop to 2500 if the iSHS pattern does not work out as planned.
Should I say ouch or great opportunity.....
Anyways, thanks for feedback. I'll keep that in mind.
It will go back up.
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Your perspective and optimism is cool. Keep it up!
Cheers
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