BTC is about to make a move. Which one is it going to be?
IF BTC manages to breach 14973$ (BITSTAMP chart), then it cannot be white wave 2. This means when this happens my old count is invalid and BTC is likely to make a significant move upwards next.
It could still be a triangle correction if 14973 is breached, but if it does happen it means that the downside will be very limited. I will give an update about that, once my primary count is invalid or proven right.
But let's assume that the count is indeed correct. Then 12,000$ will be reached in the next few days.
.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.
.png)
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 :-)
Lets hope your initial count is correct (or higher). I want to rebalance part of my portfolio out of btc and into a couple of Alts but it doesn’t look good following recent drops in btc and run ups in Alts!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting observation, let’s see which way it’s headed!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i think it drops below $12k before any significant rise such as retest of $20k. I do believe BTC will surpass $25k in 2018 as well. So just another dip on the way up.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice analysis, i hope btc breaks upward, since most altcoin gets influenced by this. it might carry steem along the upward trend
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your post is hungry, it's wonderful to be hungry
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
how do you think or your prediction about bitcoin price in 2018 whether it will be increasing or going down.
I just want to survey some people's opinions
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Buy time is coming up I believe. What do you think is causing the drop? Transaction fees?!? 😜😜😜 it was at 20k just a short time ago.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How about a steem and sbd
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It depends on BTC. IF BTC crashes, STEEM and SBD will likely go down with it. If not then hurray.
Next update probably tomorrow.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is there any chance of rising again after steam and sbd down
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, of course. 2018 will be great for STEEM even if it drops now. It will be a blessing for big money investors to jump on the train.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice Information
Thanks for information
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What about channeling sideways for some time? Personally I think that would be the best because the marketshare would sink without hurting the alt-coins very much.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It will not move up a lot unless the transaction time and costs issues are solved. Prolonged channeling is an option, but not my favorite. I think altcoins will not suffer as much this time. Some have proven to be independent from BTC now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the analysis. Don't know much about EW analysis, but looking at chart, btc has been in consolidation since 12/17/17 and I see upside explosion by end of this month.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
GREAT WORK
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good Observation.
Btc has started its move towards new ATH.
Just a couple of ups and downs then the beast is ready for riding higher highs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ok's
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin should rise in the long term because dollar and bonds are falling down - so cash must flow in new rising assets (like Bitcoin):
Red curve is for Bitcoin and blacks curves for dollar and bonds.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very nice post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin will retest 20 k before 30 March 2018
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit