The waves suggest a possible next upmove in BTC. Will it be an impulse or still part of the bigger correction?
We will not be able to say that for sure until we have a confirmed change in trend, showing by strong continued bullmoves (and in the best case scenario, a bullish retest of the trendline).
I warned you yesterday about fake breakouts. Today we had the first one of those, when red wave b was trading above the downtrend line for a very short period of time. Only 6 hours later, BTC was trading 1300$ lower in what I suspect to be red wave c.
I'll keep you updated about further developments.
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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.
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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.
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!
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This is How things will going 90% Trust Protocol Only Enjoy and look what you think
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I have always thought about steemit from a security point of view and you certainly have highlighted legit points. I will be more cautious now. Plus the trend fluctuates so one has to be careful in this regard as well. Thanks my friend @ew-and-patterns
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Thanks fot keep update @ew-and-patterns.
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Dear sir How it would work coz market fluctuates within time
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Thanks for yout analysis. The bitcoin future is so uncertant and unpredictable that's difficult to undertand the coin behaviour
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it will fluctuate up and down for few months until the whole crypto market stabilizes.
In coming months, major companies of the world will start accepting crypto in their payment then all will rise
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Thank you for your information, It is very necessary for us. This update information probably effected our income, and it is very easy to steemit.
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BTC is a HODL for me no matter what happens coming months
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This actually sounds legit. Also good for margin trading so.. thanks :D
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No more corrections please
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Good information, thanks, I believe this January will continue to be very calm for Bitcoin, a lot of sideway action. February could be the start of movement upwards again. Let's also hope Lightning will be integrated soon!
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I strongly believe we need support on 17000$ levels in order for bitcoin to have a big bullrun. Also, if it breaks down the 10000$ level again we should see a bear run up to 8000$ at least.
There's also a big chance that bitcoin may be manipulated by CME bitcoin futures which is not cool at all for traders and investors :/
If you're intersted in cryptocurrency related blog posts you should check out my steemit page. I strongly believe I add a lot of value to STEEMIT with my posts.
Good job for your post, I appreciate the value you share with us!
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Upvoted and resteemed.
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Without a big inflow of new funds into the market of the crypto currencies we´ll see no higher prices for BTC. We are stagnating between 450 and 550 billion dollars since weeks and each time when the crypto market recovers we have a manipilation to hold it down. This scheme will not last very long but it depends on the movements of the old financial system until the Petrodollar collapses. At that moment in this year might be a moonshot of BTC.
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Is this you in the chat? please second that. somebody with your name name asked me in the chat for 20sbd. Guess that was not you.
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Nein, natürlich war ich das NICHT! Habe dich angeschrieben.
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Well this days Asia is really kicking Bitcoin hard in the balls and well these upturn from what it use to be in December, it's difficult, I do hope we can have a rise
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A good analysis I think also it tends to form a summit lower than the peak of January of this year
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