BTC update 01.12.17
A lot has changed since my last update. The minimum target of this pattern was hit and exceeded with ease. This is one for my archives again:
The minimum target for the iSSHSS pattern is 10,170$.
I told you in one of my last posts, that the expected surge should be massive:
BTC is taking its time but the breakout should be massive
https://steemit.com/btc/@ew-and-patterns/btc-is-taking-its-time-but-the-breakout-should-be-massive
BTC delivered the minimum target +1300$. Not bad for a quick surge.
The current correction could be already over, but it could also morph into a double correction like this:
I already started buying some BTC positions for trading, but I would love to see 8000$ again. I would triple those positions at this level.
BONUS chart:
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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: I provide trading ideas using EW and Pattern analysis. 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 are. 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 responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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Interesting information. I think your tips will be helpful. Thank you.
Thanks for the insight. If the black scenario plays out, I'd imagine a lot of people will be buying in heavy. How was the trip?
Great, thanks. When your body is craving relaxation, such a short trip for wellness treatments can do wonders. Feeling like a new man ;-)
I was waiting till weekend for BTC to drop. But it has been climbing again. Hopefully it would fall a bit on the weekend.
at least 25 billion are waiting in fiat to enter the market.
I've also taken positions at the end of the correction but now I'm in cautious mode in case a second correction falls... maybe current mode can keep until monday
agree
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