Bitcoin (BTC) Morning Update: Classic Vintage Running Flat
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SUMMARY
Bitcoin (BTC) overnight price action has decided to likely put in an a,b,c regular flat correction. The below chart shows the labels and subwaves which indicate a likely one more lower low to complete the five subwaves of wave c. If this is the case, then $13,912 is expected to be the bottom. Note also, that the larger degree waves (circled white) is showing that BTC is currently completing wave 2 (circled white). So, what wave comes after 2? Wave 3! And wave 3s are often quite powerful, which means violent up moves are likely!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I don't think it's unlikely that BTC shoots at least past $22k in the next few weeks considering New Years money being pumped into it... even though XRP is better short-term gains the market cap/total coin number make it tough to imagine ripple goes beyond $10/coin for a long, long time, bar speculative investment pushing it a little further than its 'natural limit'. Ripple would have to be worth more than the Portuguese economy at $10/coin; more than the Spanish economy at $20/coin
We are early in the BTC adoption. Dollar cost averaging bros. keep it simple.
XRP will go back to 2 USD anyway before anything more happens
I'm cashing out at $4/coin, if it drops and doesn't hit this I'm just gonna hold infinitely in case it blows back up at some point thanks to future hype...
Good comparison. Someone yesterday pointed out that there is no way XRP goes to 100, because it would then be valued at 100 x 38,739,144,847 (its current circulating supply) which is approximately $3.87T. Yes, trillion with a T!
This better bump BTC back up to 20k, seriously tired of this "hover at 15".
Lets go mofos, make me some money....
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Thank you for the regular updates.
7810 views but only 296 votes as posting atm. I always have the rule to press on the vote button as i enter the post so that i atleast can contribute and pay some respect in that manners to the OP that has been nice to provide us all with this useful information.
That's so good for you
Hi guys, this might be the reason why BTC price went up:
Peter Thiel who is the founder of PayPal and Trump's technology consultant, has made an investment on Bitcoin. The value of his total BTC investments has reached approximately to 100 million dollars, according to WSJ news.
I guess News and Events shall arrive to justify the forecast!
I guess that's good enough for me!
I think we should keep on doing whatever is working for us. I just can't depend only on even the most promising graphs. For me graphs are only predictions, but the news are more than predictions, they are facts...
Thanks for the reading and projection of the graph, it is a good time to change to another currency that is on the rise.
Although Alts are looking more attractive at the moment, these dips in BTC should be viewed as buying opportunities.
If you weren't convinced cryptocurrency is a force for good by now, this piece of news must've convinced you.
Thank you Soooooo much for this update. The dip really scared me. Would this be the correct waves up since your video. https://www.tradingview.com/x/Q5Snd5ZT/
I appreciate all you do Haejin!