Is there a chance that right now we are in "c" of a,b,c,d,e...? that would make "e" 7000 - 8000 USD. I personally wait until the dust settles, I've already filled the bags... so there is nothing more to do :D But this "e" makes me wonder... and it will make me wonder even more... but if we get there, i probably empty my bags and wait until the dust settles once more.
RE: Bitcoin market dip - BTFD or DIE?
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Bitcoin market dip - BTFD or DIE?
I was thinking this too a while, but after a full cycle up we should have an ABC correction and not a triangle. It is hard to understand when almost all I have learned was learned in a bull market.
I filled up too, it is just the wait.. And reading more :)
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Yes, experience is biggest profit right now. But other profits may follow. This market is crazy. What what I see now when I look at BTC/USD 1 hours chart is wave 1 almost done, subwave 5 probably forming up and going to 12400. Other cryptos like LTC, TRX, SNC, STORM, XRP, seems to follow that pattern with BTC. Amazing how market is so dependent on BTC performance. Maybe it will panic once more when subwave 5 is done and start freefall in that correction. If all the panic sellers are not away already :D But we may be out of the worst...
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Seems we got the bottom confirmed, at least on Hitbtc:
Tide is going up again :)
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Or... it is just ABC and we continue down as @haejin suggested. I better put some stops at A or B...
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I am not setting any stops here. We should know within hours if it went down as Haejin's. Your last chart here too indicate one more wave on the last subwave, so it is probably needed.
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