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RE: BTC update 05.06.18
Above 10k the triangle pattern is invalidated. And 10k is a psychological number as well. I think every hedge fund will buy once we see a steady uptrend.
Above 10k the triangle pattern is invalidated. And 10k is a psychological number as well. I think every hedge fund will buy once we see a steady uptrend.
any new thoughts on sbd? i remember you saying late '18 early '19 for the next pump, but if we bounce of the bottom trendline do you think it will be fireworks sooner?
*EDIT - Comment made on wrong account
If this is finally the bottom in BTC, which I am not sure of yet, STEEM and SBD will shine again as well. There is still a good chance that this is the E wave up. If BTC turns in the 8800-10000 range, I expect the next major drop.
But don't use Poloniex charts. They have very low volume, so the patterns don't have any value.
EW is bad at projecting time. My late 2018, early 2019 prediction was based on the fact that the last major correction in BTC lasted over 400 days, and we are still far away from that number. Might be earlier, might be later.