Bitcoin (BTC) - Analysis UPDATE - Correction Target Hit With Precision!
Correction Target Hit With Precision!
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Very eventful past 7 days with Bitcoin and I've been trying to capitalize on the swings. Took some profits at $9,400 and we managed to hit my correction target at the $9,000 area with precision. Please check out the previous analysis here:
https://steemit.com/bitcoin/@benkalashnikov/bitcoin-btc-analysis-update-new-price-targets
Now bear in mind that the correction might not be over. I can see a small ABC pattern but the C wave is very short. That means we could go a little lower. However, the RSI looks to find some support so we'll have to watch how this evolves.
Benkalashnikov Fund
Here are the current stats for the fund:
Initial investment: $995
Balance: $1128
Profit: +13.14%
Correction over?
RSI
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
Good post , Thanks
Thank you. Been busy with Altcoins and have decided to concentrate more on Bitcoin in the future as I am missing out on the rises and dips. If one had $10K to invest to ride the waves you could make a decent income without too much risk. Thanks again.
Yes it's very volatile now and you can take advantage of the swings if you do it correctly
Hola, buena publicacion y si nos seguimos?
Voy a hacer una actualización a medida que avanzamos
I am doing the same thing trading between Bitcoin and Thether on Binance
Good luck!
Not bad prediction at all. I just about managed to nail the correction to within about $50.
I have around 11.7 to 11.8 as my next target, so a little higher than yours.
Good luck with the fund!
Great to hear that, let's hope we can hit our targets soon :)
Your analysis is good but I still think it can still go below 8400
I see you are correct. Currently at $8241.00
Yeah I take that into consideration, but not my primary count right now.
It could go down to the cost price which is entirely possible. Mind you. I thought it was overpriced at $2,800?
True, but not very probable at this moment.
Where do you see longterm wave 2 bottom @benkalashnikov ? Do you think we have hit it on 5-6 feb? Or you see us in the beginning of C wave of 2?
Just as a matter of interest how many rises does Bitcoin do a year like this. I know it retracts as it can't rise all the time. Just roughly as I am new to this. For instance last year how many opportunities for decent rises were there?