ביטקויןהשכלה
Big Picture thoughts on BTC
The question of 2018:
Is it a BUBBLE BURST ?
or just a CORRECTION ?
Observations:
Using a line chart (on close) eliminates noise.
BTC routinely retraces to 786 in all time frames.
This correction was a typical ABC (B=A*618, C=A*2.0)
Bears tried twice to push ABC to full extension.
Bears still might accomplish full ext to 6,000 at most.
Conclusions:
This is just a normal ABC correction of Bitcoin.
And it is not a very severe one at that, looks done.
This ''crash'' may just be wave 2(!) of 5.
If this wave 2, strap in for a wave 3 space trip.
Is it a BUBBLE BURST ?
or just a CORRECTION ?
Observations:
Using a line chart (on close) eliminates noise.
BTC routinely retraces to 786 in all time frames.
This correction was a typical ABC (B=A*618, C=A*2.0)
Bears tried twice to push ABC to full extension.
Bears still might accomplish full ext to 6,000 at most.
Conclusions:
This is just a normal ABC correction of Bitcoin.
And it is not a very severe one at that, looks done.
This ''crash'' may just be wave 2(!) of 5.
If this wave 2, strap in for a wave 3 space trip.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.