BTC update 13.01.18
BTC is about to make a move. Which one is it going to be?
IF BTC manages to breach 14973$ (BITSTAMP chart), then it cannot be white wave 2. This means when this happens my old count is invalid and BTC is likely to make a significant move upwards next.
It could still be a triangle correction if 14973 is breached, but if it does happen it means that the downside will be very limited. I will give an update about that, once my primary count is invalid or proven right.
But let's assume that the count is indeed correct. Then 12,000$ will be reached in the next few days.
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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.
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Lets hope your initial count is correct (or higher). I want to rebalance part of my portfolio out of btc and into a couple of Alts but it doesn’t look good following recent drops in btc and run ups in Alts!
Interesting observation, let’s see which way it’s headed!
i think it drops below $12k before any significant rise such as retest of $20k. I do believe BTC will surpass $25k in 2018 as well. So just another dip on the way up.....
nice analysis, i hope btc breaks upward, since most altcoin gets influenced by this. it might carry steem along the upward trend
Your post is hungry, it's wonderful to be hungry
how do you think or your prediction about bitcoin price in 2018 whether it will be increasing or going down.
I just want to survey some people's opinions
Thanks for sharing.
Buy time is coming up I believe. What do you think is causing the drop? Transaction fees?!? 😜😜😜 it was at 20k just a short time ago.
How about a steem and sbd
It depends on BTC. IF BTC crashes, STEEM and SBD will likely go down with it. If not then hurray.
Next update probably tomorrow.
Is there any chance of rising again after steam and sbd down
Yes, of course. 2018 will be great for STEEM even if it drops now. It will be a blessing for big money investors to jump on the train.
Nice Information
Thanks for information
What about channeling sideways for some time? Personally I think that would be the best because the marketshare would sink without hurting the alt-coins very much.
It will not move up a lot unless the transaction time and costs issues are solved. Prolonged channeling is an option, but not my favorite. I think altcoins will not suffer as much this time. Some have proven to be independent from BTC now.
Thanks for the analysis. Don't know much about EW analysis, but looking at chart, btc has been in consolidation since 12/17/17 and I see upside explosion by end of this month.