Date: 02 February 2018 - Time: 20:56 (GMT+8)
Cryptocurrency exchange: Binance
Current BTC price (USDT): 9,787.00
24h high (USDT): 10,496.97
24h low (USDT): 9,669.00

Looking at the chart, if the current EW counting is correct, then we're on our way to the 5th wave where we'll see the prices dip to at least $9,200. If the $9,200 support is broken, $9,000 will follow, then $8,700. Looking at the past history, $9,000 is a very strong support; however, no one knows what lies in the future, so we can't cancel out the possibility of it being broken.

Also, wave 5 can extend deeper than $8,700. Take note that one condition of an EW is that wave 3 cannot be the shortest wave, thus, since wave 3 is longer than wave 1, it is possible for wave 5 to go beyond the length of wave 3.

Looking at a bigger perspective, we can see an iSHS pattern. So, expect a dip in the next few days before the next bull run.

Disclaimer

This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

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