if you're a firm believer in random walk and the fib's, then the bounce off the .786 speed resistance arc, to the .610 speed resistance arc indicates a test to the .50 arc (which corresponds with the long term retrace)... likely we will see a rally to test resistance (the last preliminary support) before the last Wave's turn us into the next phase with upward impulse waves and a new full 8 wave cycle begins.
I.E trading here up to 12.7k seems like easy money. Will it turn and find a final bottom? Hard to say. The EW guys should believe it. I personally think this is a great time to be initiating a long position, and come back in 6 months. You'd be hard pressed to lose money with a long position today, and a hard sell in June 2018.
While its possible, I don't know that I would bet on it. So EW (Elliot Waves) would say that corrective patterns go in 3's, the larger pattern shows a down, small correction, and down on this time scale. I could draw it out, but you get the point. This points to a completed pattern long term corrected pattern. Beyond that, we can see multiple 5 wave patterns, and multiple 3 wave patterns have completed. I think most of the EW guy's would look at this and be a bit confused.
My opinion is we are entering a new phase. This would be Phase A of an accumulation in a Wychoff event cycle - or the beginning of Wave 1 of a strong conviction impulse cycle in long term EW guy's eyes. Either way, If you like BTC technology, and believe its going to be around in 2020 - you should be buying right now, and not trying to scalp any lower than we currently are.
i was watting for best signal for profit.
trustly...where coins U Sugget for small time profit???
i want today or tomorrow buy BTC. I hope that it,s lower 11000$.
What is your suggest for me.
Very very Thanks my friend.
Coins for small time profit? I don't know, if you want to trade some easy waves, I'd look at Stellar. As far as coins with good technologies that I am long term bullish on, you should look to XLM (Stellar), LSK (Lisk/Lumens), and DASH... those are my favorites, and so scalping them makes sense, as I believe they look good in the long term.
Short term plays are probably XVG, XMR, and XRP. All of these I think will be volatile, but will trend down on the long term, making playing them dangerous, and ill-advised.