More Bearish Trend of BTC : Update
As i mentioned few days ago in my post Brace yourself for greater down impact of BTC, that BTC value could possibly drop from $4500 to $3500 and it indeed touched bottom of $3500 today.
This happened for a very brief moment and it seems that BTC is recovering with current price of $3855 like last time. Again this is a false flag and this time BTC could possibly fall lower than $3500 in coming week or so.
This is standard Elliot Wave Pattern and this current recovery of BTC can be categorized as phase 4 of this pattern. When it will establish its next support line below 3500 could be more clear in coming few days.
These are hard times for Crypto Market but Cryptocurrency still remains the 'Currency of Future' and it is not going to be dead soon. So curent Steem price should not bother you much and you should continue your regular posting on Steemit because now is the time to accumulate it more.
More reason to Buy more Steem, imho !!
Way to go, That's the spirit!!
yeah second to your view, might still have room to go lower.
btw nice photo, tough times don't last =), tough ppl do!
Yes, that is correct. It might go down to possibly $3100. Will have to see after that what happens.
yeah that's possible, if it goes test the last bear average % loss, we might even test 2700 or 1500 what a roller coaster ride.
This time last year it was up a lot higher and going up and up, but exact opposite is going on now; I wonder why...
One major factor could be that masses were waiting for November/December Pump and Hidden market manipulative institutions don't want that. Next Bull run will come again come at that time when masses are not expecting it.
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