BTC/USD [BITCOIN/USDT] Huge retracement on the whole cryptomarket comming?

in #bitcoin7 years ago (edited)

About the charts
The first chart you see is on the logic alghoritme. The second one in normal view.

On the first alghoritme we see a big rising wedge! On the second one you see the beautifull elliot-wave pattern. The 5th wave or 3th wave up reached the 1.618 fibonacci level, the same level als the last crash.

I think there could be an abc-correction wave. With a total retracement of the whole cryptocurrancy market of 35-55%.

Some other information to think about. Correct me when i'm wrong!
First crash:
-20 june the total marketcap of cryptocurrancies was 115 million.
-16 july the total marketcap of cryptocurrancies 67 million

Trigger: The first bitcoin 0.34% fork?

Second crash:
-1 september the total marketcap of cryptocurrancies was 174 million.
-15 september the total marketcap of cryptocurrancies was 109 million.

Trigger: China Ban?

The last and upcomming crash>
It should be time for a correction of the total market! I think there is a huge change.

Trigger: I really think the Tether usd hack could trigger a crash.

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