Bitcoin update 3.feb.18, still correcting, or what?
Bitcoin is up from yesterdays chart, it is still following the path, and should make the red d wave in an abc subwave up to $10k. Volume and MACD seem to agree.
The purple ZigZag tool is helpful for spotting other patterns, and I placed an alternate abcde to the C wave, in orange. If this should be valid we have HIT the bottom and correction is over. Price breached the 0.618 fibonacchi too.
If price breaks out on top of the triangle we are probably looking at higher highs soon, but this is my alternate count for now.
I still think Bitcoin will finish the red waves in the triangle with another low at $7800-7900.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
Comments are highly appreciated, and please upvote, resteem and follow me if you profit from this chart, or enjoy my posts !
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ETH: 0x478c06b33f2b03892dcbb03cd353defba356bc26
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BCH: 1GTzQYiTn2EqNt3YVp9LoCbzVvouHiHJAD
Hey,
So I know that you also follow Haejin....So I've been quite baffled by his predictions lately...so was wondering if you might be able to "help" or perhaps provide your insight. So basically Haejin is saying:
1: BTC is almost done correcting (just like what you're saying)...one of his posts tries to predict that it'll be around 11th Feb.
2: BTC/ETH ratio will go to at least 0.20 of BTC WHILST BTC is correcting...but thats not the case as you can see....what makes it even more odd is:
3: Hes now saying ETH will correct lower. Now that wouldn't be a surprise given that BTC is also likely to correct lower. But then if they both go down then that BTC/ETH ratio is already wrong. Then hes also saying that ETH will correct to around early March time...so then whilst BTC is meant to be rising "loads" ETH will be falling...which further contradicts the BTC/ETH ratio...and on top of that all coins usually move with BTC....and given how ETH seems to be quite strong recently...it'll seem a bit odd to suddenly go the opposite direction to BTC...i.e. BTC rise ETH falls.
I was wondering whether you might be able to do some charting on ETH?
Many thanks as always.
The correlation between BTC, ETH and USD is difficult, but I gave it a shot:
https://steemit.com/ethereum/@thedolphin/ethereum-eth-forecast-4-feb-18
Hope it is any help, or maybe just confusing any more :)
I think the BTC correction should be done about the 10-11. feb too as we are closing in to the apex of the triangle.
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