BTC update 01.05.18
BTC is behaving exactly as xpected. Not only did I call the top, the expected corrective patterns are forming as well.
It is likely going to be one of those two. I favor the ABC correction at this point in time:
Here is how I predicted it:
The target zone for wave C remains 8600$ - 8400$... Stay tuned...
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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Have a nice day :-)
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Interesting to see your projected pathways. With current price action do you see your second pattern as confirmed?
Now it seems ABC is unlikely. There is some bullish pressure. I favor abcde now. Correction will be done soon.
Thanks for the update. Hope it won't go below 8,4k$.
Wow man!
you have an eye of magician :o
how you can see that!
that's exactly how bitcoin is performing,
and now we are expecting it to go to D,
Maybe a little higher than the D in end of Maybe!
if i'm not wrong :)
Go BTC go down and up.....
Legit analysis; you did a good job.... It's a thumbs up from me
Yes,It's reallity,thanks a lot sharing this informative post.I appreciate this post.
Thanks for the update! You were really spot on with your analysis this time. Great work :)
Good call! :)
simple and effective, thank you very much.
Your thoughts on SBD (update?). Mines are always based off SBD/BTC ratio. I think the next wave up could bring it to $5.6.
I'll do an update in a few minutes.
It was nice of you sharing this with us