Quick BTC update 02.07.18

in #btc6 years ago (edited)

Get ready for the next drop. The expanded flat pattern will likely be done in the next 24 hours (meaning the move up ends with the high of wave C).

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7000$ at max before the drop. I don't think it will be a big drop, but it will lead to a new low.

BTC is channeling and moving very orderly for now. IF true, there are a few waves down to come. Target still 4200$.

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Don't you kidding me :'(

How are you always so quick? Do you have some kind of posting alert?

yes, i do, don't you know about ginabot?

No I did not know about it. Sounds useful, but I don't need alerts at the moment to be honest.

yeah, @ginabot is very useful, You can ask me about it anytime you need.

What BTC value is getting low. Sad news. thanks for share information. very informative news.

I can't wait no more. Bitcoin sales is coming! 🎉🙌😈

24 hours seems like too quick a turn around to a down size drop...I don't see it...

I did not say that we reach the low in 24 hours^^. I meant it as the move up ends in 24h. The move down will take some time and then accelerate.

oh this is very different from everything i read until now.
we will see :-)

Thanks for another good update!
Selling anything at 7k to buy back in or are you holding through this entire thing until it’s clear we are surging?..

My oldest postions are still in green, but my more recent positions are down 50%. I will HODL everything. Don't see a reason to take the loss. It's an investment. I don't need this money now.

I am very similar. Planned to hodl, however depending on current situation.
Think its possible we run to 10/11k BTC before 4500 BTC, if so will def sell some of my coins, with the hope to re-enter low. However think its very hard to say atm, if we free fall to 4500-5k will just hodl and buy more Steem/BTS/BTC at the bottom...
Do you have any further thoughts at the moment, or not much has changed yet in your view?

I think the high of this move up is in @ 6800. The question is now whether the move down is 3 waves or 5 waves. If it stops exactly at 50% retrace (6290) and we see a big green candle afterwards, I will change my mind and go bullish.

I haven’t noticed the drop so wondering whether this projection is still relevant?

Yes it is still relevant, but I did not think that this move would take so much time. I pointed out that the wave C high can easily hit 6900-7000 and then go down. It might also be some other count like wave A down if the high of wave 1 is in.

I am tracking so many different counts for this move up, it would only confuse everyone to draw them all. I'll do an update when the structure get clearer.

Many thanks!

Ru
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