Bitcoin Long Term... Prepare for a good correction..... Fibonacci

in bitcoin •  7 years ago 

Just a quick info about long term bitcoin, I believe is time to sell some, because we will have a good correction on the way... we have been in a bull run since 04/2017, and we are near of the end of the wave 5(one of the possibiliteis), so wi will go for a ABC correction, before we can go further, to 5 digits....

elliotwave_longterm.png

Aproximally: On fibonacci terms...
Wave 1 was from U$ 900 to U$2900
Wave 2 was a Flat Correction of 50% to U$1900
Wave 3 was a bit more then 1.618 of Wave 1, so a extended wave 3 - U$1900 to U$4900
Wave 4 was a Sharp correction of 62.8% to U$3000
Wave 5 that we are now, the time of this post almost near the 1.62x size of wave 1, that is U$6900, but wave 5 could go to U$ 9000, but as segwit2x is so near, i don't believe we wil go so up at this moment... i believe as the market always likes to get people off surprise, i believe we will get a pull back sooner than later on the segwit2x hard fork, but who knows.... this is just what i can fell on this present market... too match people playing the same cards.....

So let's see what will happen in the next weeks...
Just pay attention, and good luck on this crypto community..

Love and Peace,
Nando Galera

Please re steem, more you re steem more i will show you what is permaculture, more about cryptocurrency, naturopathy.... and other stuffs that i feel is important to share.. We have the power in our hands to do all, and everyday comes news technology to help we achive that..
Thanks Steemit!!!

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