BTC seems to be crashing, but it is entering a strong support zone as I write this. As long as there is no new low (below 11,163$), everything is still good for BTC and there is a good chance of a sharp reversal soon.
But if 11,163$ gets taken out, there will be another huge crash (targetzone 8,000-6,000$). This is the power of a make or break level. If it breaks, then by definition it cannot be a wave 1 scenario, which means it will crash...
In the picture I wrote 11200, but the exact level to watch is 11,163$...
So watch this level closely, once broken it will drop 3000$ minimum within only a few hours.
The levels pointed out are ONLY relating to the BITSTAMP chart. For BITFINEX the mob is 10700. Every exchange produced another low... The differences in price are huge theese days. It sucks, not only for TAs...
.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)
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. 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 responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
it will be back
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lets hope it will hold. Any fundamentals to cause a crash?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wonder if it will go up before the new year or if we will have to wait a few days? Seems like a good time to crash it and buy at a low price, the next few days should be interesting,
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If it crash, I'm buying more!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very interesting to watch. Really thinking about buying some discounted BTC.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RIP Bitcoin... time to move over and let the better altcoins take the lead.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been waiting for this to happen. But there is way too much dumb money in the market. The best case would be BTC stabilizing while rest of the coins grow enough to make BTC market share go below 30% By that time BTC will have less influence on the market.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks EW&P! A good day to buy the dip, Nice to know about the 11, 163 make or break target too. That's a BIG dip if it's gets broken! Will be watching this close today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks 4 the quiq update. Hope bears arent too hungry and willing to crash btc to 8-6k . If not , i would love to buy below 10k . Lets see how the day evolves. Thanks 4 the ew analysis
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very important article that all of us need to know. Thanks for sharing the information with us.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Right @wilson76! What information was the most important to you?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for warning us. If it drops do you have some coin where we could put our money to maintain stabile price? Maybe xrp?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I really agree on this one. Same for ETH and BCH. On the way round, XRP and XLM are about to surge again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's yearly trend. BTC falls down on New Year. Lets see what happens this year.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just a few more numbers to throw into the mix. Prices are from yesterday but they tell their own story.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Many thanks for your deep analysis, and I believe it will be strong again when new year coming
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the update!! Could you maybe do an analysis on where Steem, Steem Dollars and ripple is headed please?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Next STEEM update will porbably be on 01.01.18.
Expect STEEM and SBD to drop for a little while longer, but it will come back strong.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cool...thanks for the reply!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted. HODLing for long term.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Amazing analisys @ew-and-patterns
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Anxiously waiting to see if support will hold. I am mostly in btc so a bit worry.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your analysis is in tandem,however,it will up/down for necessary correction.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sound result, I also came to the same conclusions in my analysis #23.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i have a doubt. On what basis the value btc ,sbd and steem changes .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @ew-and-patterns! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you @ew-and-patterns for promoting this post together with https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit