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GoodyErick
Feb 3, 2018 11:33 PM

BTC - Upward correction move 做多

Bitcoin / DollarBitfinex

描述

BTC has completed it's first ever major downwards move, in a wave of 5 (Elliot wave) A to E or 1 to 5.

What we should expect to happen next is BTC to correct with a move up, W,X,Y composed by two advancing waves and one corrective wave.

A total upward move of 50 per cent on the Fibonacci levels is possible 13998 USD

Keep an eye on the MACD indicator.

评论

Looks like we still heading down, the next level is 5K, followed by 2K.

We might be looking at a very long bearish correction - 4 to 6 months.

评论

UPDATE - BTC to remain bearish for most of the year, estimating a drop to 5k, and even 2k.

The current corrections will continue as a series of zig zag ABC Elliot wave corrections for months to come.
评论
RabbitsFriend
Very good analys. I think BTC is over in long term( 2 months or more), few months after it loses dominance, altcoins with potential will slowly rise up. Probably we will never see new ATH on BTC, Discovery channel can starts making movie about people that lost their life's savings Check out my micro analys
GoodyErick
@RabbitsFriend, it will go to 5k, no problem, and much lower, the uptrend has now being broken, no way back - we are looking at many months of a bearish market.
RabbitsFriend
@GoodyErick, Agree, I took my loss at 8000
ahnteh
Thanks for sharing your TA, Have found them very interesting and clear for a newbie. What are your current thoughts on BTC? Any changes to your view over the last few days?
GoodyErick
@ahnteh, A compliment with a kick, LOL how nice, check my record over 90 per cent came true. And if you read the post properly, you would have seen the update, obviously you randomly comments on people's post with no knowledge of anything.
ahnteh
@GoodyErick, no kick intended at all, apologies it read that way
GoodyErick
@ahnteh, why post from an accounts which have zero post, zero feed back, and created recently, post from your real account, that way we can have an intelligent conversation and one of us might learned something. This is not fb.

You have no reputation, but you question other people's reputation, and mind you there is many like that, but it is not facebook.
ahnteh
@GoodyErick, ok.... apologies again, all the best
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