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RE: BTC emergency update!!! 26.12.17
I'm not sure this is anything else but wishful thinking... There is no patterns whatsoever with crypto. There is no fundamental underlying assets to 'revert' back to when determining a 'floor'...
Bitcoin could go to $0 overnight. Who knows?
A lot of people cashed in prior to Christmas hence the dips we've seen across the board. Likely some money will return to the market in the new year and depending on the trends, you might see additional build up, until people have to pay taxes or whatever and then another dip will come...
And please, can we avoid the LARGE LETTERS IN THE POST? especially when you don't want to be 'dramatic'.
Don’t go on somebody’s blog and COMPLAIN about they way the authors p0st
Title got my attention and loved the CAPS ! keep it up.
I agree... nothing wrong with the caps. I like it. news articles do it all the time. it makes sense.
Yeah I kinda liked the "emergency" title, and then "don't panic" in the blog :D gotta confuse the reader right? To this point this is all just about saying "this could go up, but this could go down as well"... oookay then... Let's just wait.
Some altcoins, as of right now, really ARE bullish in their position with multiple ABCDE bull triangle forming. So, Bitcoin may go unphasic with those ones, which would allow alts to have their momentum while BTC takes a nap for a few days. (For those interesting in my analysis, please take a look at my latest blog! I won't post a direct link in respect of @ew-and-patterns)
Well said @postache. I'm always intrigued by the musings of crypto prophets as I agree with you. Who knows? I guess we just have to grab the popcorn, open a beer and sit back and watch the future unfold!
He does want to be dramatic because basically he’s saying it’s gunna down and up. Nothing more.
No, I am saying that it is more likely to drop, but the pattern for B is not done yet, so it can go up a lot before that to confuse people. Wave c of B often reaches the 138% extension of wave a of B, which is at 18700$.