Quick BTC update 27.06.18

in btc •  5 months ago

Emergency UPDATE 29.06.18: BTC is about to make a new low. Bulls lost, still no one is buying.


We saw 5 days of ZERO volatility and now the next wave down has started.

Bulls are expected to show up now. Yellow wave 2 hit the .618 correction target perfectly.


If they fail, get ready for the next drop.

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If you think this to be useful information:
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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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Germany deserved to lose. Worst team of this tournament...


End of a generation I guess.

I am holding tight and be ready for both ways :-))

Hopefully, you are right and we will see a bull run here.
Stability is showing that :)

Great. Hope we will see more positive in coming days. Wishing good luck to butcoin and steem dollars.

If it is expected for a bull run may it run fast..Let's see what happened?

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To support your work, I also upvoted your post!

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Here is what I see:


Bearish perspective seen from my window. Just my 2 cents, no price target on purpose. What do you think?


Maybe, but that exact same pattern could be a bullish leading diagonal in this case as well ^^. Need more price data.


Quite a few people are expecting a bounce to around 7k then huge plunge to roughly 5k..
See that as a potential as well?


Yes, if it is a simple ABC correction (3 waves up), it could start dropping anywhere from 6400 - 6900.


I guess only time will tell.
Thanks again for the analysis

Hey man! I'm doing portrait for people, and i would like to make you one! But, i don't have a face to work on. If you're interested you can send me a picture, and i will be glad to make you one!
Have a great day, i hope the market recover soon -_-