BITCOIN and ETHEREUM may have hit BOTTOM

in #bitcoin7 years ago

🐒 I record the Bitcoin and Ethereum price everyday at ( 7:00 AM EST give or take a few minutes ) from the CoinBase trading platform GDAX . The charts below do not show the highs and lows of a normal chart but just the price at 7:00 AM EST daily . By doing this it smoothes out the chart movements and sometimes may give a clearer view of the price movement .

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Bitcoin price chart since May 23 ,2017
Bitcoin price today $7,979

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Ethereum price chart since June 27 .2017
Ethereum price today $814

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SUMMARY
If the blue line support holds then we could look for a wave 3 up to begin and a wave 3 is usually the most powerful of the impulse waves ( Wave 1 , 3 and 5 ) are impulse waves and waves ( 2 and 4 ) are corrective waves . If wave 2 has ended today, then we can look for a wave 3 up target of $36,648 for Bitcoin and $2,741 for Ethereum .

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Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .

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Hope the drop will stop soon and start going back up. Starting to get very worried.

So we are headed into a bull market...HOPEFULLY :)

If it does I will be dancing

I believe so but it will be slow, gradually moving up

Bitcoin price can't be stable as people are expecting, it will always go ups and downs, but we hope it does'nt go way down.

wall street is shortening btc I see a slowly rise to 12K then another dip to 10K and so on...

I sure hope you're right. What coins are you buying up on this great sale day? More steam???

Thank you for your analytics.You are doing good job.You are helping traders.Keep it up dear

I would not be so sure about bottom. I believe that many hope of new records. But last news on crypto are not optimistic at all. I would bet on next correction regardless of waves.
I know that people try to adjust crypto price movement to stock analogy. This is different - 2017 was all the way up, 2018 can be all the way down. To bottom were it all started at 1000 USD per Bitcoin

yea...give or take...we are the bottom...

Thanks for this bitcoin sharing.... i appreciate this trading....

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