BITCOIN reaching the bottom of the intermediate retracement but...
Applying Elliot-Waves TA we can see the following scenario:
As you can see, the (i) (ii) (iii) (iv) (iv) (v) (in dark blue) impulsive waves finished, followed by a corrective wave "A" (circled in red) and now we are suffering the deep of wave "B", as soon as it reaches the bottom (guess close 5400 USD) it will rebound forming the impulsive wave "C"...
So, could be one possible entry point right now...
Nevertheless, If my EW-counts are fine, after the completion of this "C" wave, it may happen the following scenario:
...so, another bearish 5-wave period going deeper, searching, perhaps that Dashed-red line which represents a more "solid" ground:
So, if you have followed these explanations you would maybe understand that, still there is a high likelihood that the final bearish cycle has not arrived yet...
The Dashed-red line is placed because the history of Bitcoin which you can see below (sorry for the messy chart):
Will see in the following hours and days but I'm putting my main FIAT amount at 5000 USD, just in case...
@toofasteddie (a STEEM, BTS and EOS dreamer and believer:-) )
*This is just my personal point of view, please, do your own assessment and act consequently.
upvoted
may be this interests you
https://steemit.com/cryptocurrency/@allthereisislove/how-i-made-a-near-100-profit-on-dash-in-10-days
thank you for your time
Interesting, thanks!
thank you so much for taking the time to read my post-lets keep up the good work-a pleasure meeting you !