SUMMARY
BITCOIN (BTC) is putting in the final touches of wave iv (white) as shown below. The double flag pattern acted as a fractal and so the blue wave (c) could be at around $5,400 or so. From there, price should impulse in five waves towards the 1.681 Fibonacci target of around $6,200.
The longer term outlook shows an apparent upward pointing symmetrical triangle. The MACD indicator is curling downwards and so a heavier correction could be probable.
The below chart is posted to riterate that now is not the time to be trying to make new Bitcoin buys, but rather a time to protect profits. Once the tope of Wave V (purple) is placed at around $7,200 or so; a requisite three wave correction is next. Once this correction ensues, the biggest concern will be to protect principle balances as profits would have been largely wiped out.
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Hey haejin.
Thanks for all your posts and videos. You are a great teacher. So I'm planning on exchanging. All my diversified coins on bitshares dex to bitusd. I know you mentioned cash in the bank.
Your thoughts ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the post! Interesting read and I like especially that your technical analysis is the hybrid of several charting studies. Only thing it'd be easy as pie to see what happens next. After the fork it'll be game on in alts again. If that doesn't happen, which is very surprising and BTC pops down I'll be very surprised and it will be a sea change for this market over all. Good post! Upvoted and followed!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Following and upvoted your comment!
I take analysis requests. Please feel free to ask about a coin of yours.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you leave or take out USD $ powder from the exchanges when the time comes?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm gonna convert all altcoins to bitusd. I can't imagine bitshares dex going down. Centralized exchanges I can see that happen but not with a decentralized exchange.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thats exactly what i was going to ask ! also what about ALT coins currently at a loss ? leave them on exchange or cut losses in the fear that exchanges might go under
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
He clearly said that he is going to keep his money in cash in bank.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Did he not say USD? not specifically bank?
I guess otherwise it comes down to how much you trust the exchange to keep your fiat on
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Check yourself 5:14 in video. 😀
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
when do you think we will reach the top, early 2018? or late 2017
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Short term Stratis price target?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Short term EOS price target?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Latest update was further correction, under $2.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit