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UnknownUnicorn1540828
21. Jan. 2018 03:22

BTCUSDT : ONE MORE DIP ? 

Bitcoin / Tether USDPoloniex

Beschreibung

Hi guys,

Just a little post for BTCUSDT. According to this projection we might see an another dip. Lets see.

H chart :


Simon.

Kommentar

2 & 3 may be just 1 target. By stating this we heading toward 8k

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India banning crypto money transfert. Lower lows may follows, remember china ban on ICO and its effects on the price

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dont try to catch a falling knife :

Kommentar

wave 3 to 4 are often pattern. this may extend in time the projection and might create a false bullish sentiment to the uninformed.

Kommentar

like i expected we might take some time between wave 3 to4. forming an SHS pattern :

Kommentar

next hours gonna be important. 4h chart shows fight between bulls and bears

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going to sub 10k soon according to my projection

Kommentar

Exciting weeks for the traders who wait the dip. have fiat ready. i will post how to ladder in properly with lower risks later.

For now, we can see some news justifying the projected trend (+india ban) :

cointelegraph.com/news/bitcoin-to-drop-as-low-as-1000-this-year-wall-street-cio-predicts

cointelegraph.com/news/s-korea-to-tax-crypto-exchanges-242-percent-in-line-with-existing-tax-policy

Kommentar

expect ongoing ABC pattern in wave 5. by this, wave 5 should land at 9000-9300. then update (new post will follow).

Kommentar

FYI : when i write ABC pattern it means that we made A and going toward 10 988 for B then 9000-93000 range for C.

Kommentar

in picture :

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target wave 5 still valid

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End of the correction at 7500-7750 (next low, if there is one).

Be as carefull with the ones that keep calling for lower low as you are carefull toward people that keep calling for ATH one after the other.

Here is an another perspective but with same end of correction target, by Hae Jin Lee : steemit.com/bitcoin/@haejin/bitcoin-btc-mid-day-update-a-ghosting-fractal
Kommentare
diegoalonso
thanks for sharing, good luck, looks quite accurate chart.
UnknownUnicorn1540828
@diegoalonso, thank you. i try hard to always stay the more objective possible. we see a big part of this community calling for unreachable target in so short time frame and i believe they causing harm toward poeple who trust them. i made a promess to my followers to always post factual and objective TA, even if the feelings are hurt, because at the end of the day, we all want our holding to go up all the time but its not always the case. Some popular people here seem to take profit of this to growth their popularity.
simisatoshi
@simonmercier, I agree, many people have their interest in mind and are emotional when doing the TA, misleading people. Thank you for being objective -> followed!
UnknownUnicorn1540828
@simisatoshi, i will give my best to honor your following ! thanks.
LeoLerede
@simonmercier, you are the first I read that consider also what happen in crypto coin and do not only read charts to make prediction. This is good let's see what happens
darkandblue
Hi Simon,

I initally thought of the same pattern; however, if you change your scale to 4h you will see that we might be actually completing the wave 2, not 4. This would impact your buy zones actually.

darkandblue
@retiringsoon1, to clarify, this is not intended for FUD..I am just trying learn the TA and would appreciate comments.
UnknownUnicorn1540828
@retiringsoon1, this could work but you apply extended wave to micro (4H value). i prefer to stay conservative in shorter time frame. Your call is possible but less probable. I would calibrate your EW with support and resistance too
darkandblue
@simonmercier, thanks alot!
UnknownUnicorn1540828
@retiringsoon1, you are welcome sir
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