Update: STEEM could be heading towards 94 or even 46 cents completing wave Z! WOW! I'll be a happy buyer there.
BTC is showing clear evidence of blue wave 4 coming to an end soon. This means the final wave up to complete this bigger white wave 1 is about to start soon as well.
This is ultra important! We need to see at least 8500+1 to have some confidence that this is infact an impulse wave and not some ABC correction within a bigger correction.
Blue wave 4 could be done already, but a little lower does not hurt the count at all.
A good target for this blue wave 5 of white wave 1 would be 9000$.
White wave 2 is where I will be buying. Alts and BTC... stay tuned...
BTW: If this playes out like shown in this pic (up to 9k, then down to 7k), white wave 5 target is 13500 (if white wave 3 is 162% again) which would kill a few bearish counts (but not all of them).
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DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas 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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Crypto assets are posting market-wide losses on the day, with Bitcoin (BTC) dipping back below the $8,000 psychological price point and virtually all coins in the red, but monthly growth remains around a bullish 22 percent
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Hello, we hope that this rise is realized and make reality, since many post little, because they consider that it is not worth the effort for the fall so drastic btcoim .. I like your post. I invite you to visit my profile, I would like to have your help. Thank you..
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Bitcoin is changing hands at $8,100, off Monday's low registered at $7,850. The digital coin No.1 is still 28% higher on a monthly basis, though the upside momentum has faded away recently.
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@ ew-and- pattern what do you think how much btc would dump more right now and where can i take an entry
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Read the post!! 1. Do not take this is investment advice. 2. Look at the chart for blue wave 4. 3. He said he will be buying at white wave 2, but you should do whatever you want.
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6400-6600 range. ;-)
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Bitcoin's price risks deeper losses below $8,000 as the bears seem to be winning a four-day-long tug-of-war with the bulls.
At press time, BTC is changing hands at $7,950 on Bitfinex – down 2 percent in the last 24 hours – having clocked a low of $7,930 earlier today.
Thanks for you information dear.
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Great update and good to see BTC is following the probable path as you had outlined
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If you are right, in some months wave 3 would be massive..
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Creativity!!
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Still keep my bearish bias
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Thought your analysis was also targetting 7K?
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Coins mentioned in post:
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