BTC update 29.12.17
BTC is starting to move up again. It made a new low, like I predicted yesterday and now it seems stable. Here is the updated count:
Green wave 2 made it look like BTC was about to drop, but it turned out to be just a corrective ABC pattern (running flat within a running flat is super bullish!)
I am expecting to see an acceleration in upward movement soon, but it could also take its time and play it slow while alts continue to explode.
I'll keep you updated... Stay tuned...
Update: BTC is really taking its time. It seems as there need to be a major decison to be made. 2000$-3000 down again or finally the long expected continuation of the uptrend. What will it be? My next update will show the answer to that.
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.
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 :-)
Thanks for the update
Thanks for your prediction my friend
nice update
Interesting, the analysis that you make of the possession. As you put it, it seems like they have a certain pattern, will they be bots traders?
There are only very few bots or algos trading in cryptos. Thats actually why EW is working so good there.
I can't understand how You predicted it was just corrective ABC pattern. Everything was going to go bearish. Awesome sight!
You got a 0.45% upvote from @upme requested by: @ew-and-patterns.
Send at least 1.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness
This post has received a 4.22 % upvote from @aksdwi thanks to: @ew-and-patterns.
What about SBD value .IS THERE ANY INCREASE IN FUTURE
Yes, I am betting my money on that. Once BTC manages a stable uptrend again, STEEM and especially SBD will rise again in my opinion, which is also supported by elliott wave theory and the fact that Dan Larimer (creator of STEEMIT) confirmed that the peg to 1$ is gone.
When the sbd value reaches 20 $ according to your estimation.
EW can#t give exact timings, but my personal estimation is 11.01.18
K.tqs for your info.
What was your steemit chat name
@ew-and-patterns payed 11.0 SBD to @minnowbooster to buy a stealth upvote.
transaction-id 7706ee1ab48b2b84b3a61c6aa54d02233ba2957f
@stealthgoat
You got a 20.50% upvote from @allaz courtesy of @ew-and-patterns!