Daily
Looking at our trend timeframe we see price continuing towards the downside with no signs of slowing down. Stochastic RSI showing momentum is heading towards the downside as well, expecting a drop towards $5,000.
4Hour
Shifting over to our pattern timeframe we see price has temporarily found support at $6,300, expecting consolidation at this level for the next couple of days. Short-term support found sitting on our hands until we see a daily reversal signal, worst comes to worst we see BTC at $1,500 by the end of the year. Personally I believe $5,000 will be our 2018 bottom.
Conclusion
- Buy: After Daily Reversal Signal Confirmation
- Sell: NO
Comment Down below what coin you want me to do next! ;)
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
A lot of other popular analysts are saying $5000 now too. I heard it from you long before anyone else I follow was looking toward that range. I didn't believe it at the time, but I do now. I wish I would have taken you more seriously and gotten out sooner than I did, but at least I managed to trade this latest bounce and get out last night before the drop. I appreciate your persistence and tenacity, and the consistency of your message! Thanks!
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This 5k is may never happens again look my alternative for this to be corection!![scr.png]
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If it's a correction, don't you think it will at least be an ABC correction? Not very many corrections have just a single leg like that.
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