That ABC correction is actually wave A. In my opinion correction is far from over.
livedaemon
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@CreativeMan, of course it's only A wave. I don't understand why author did not notice this. It is obvious. On the B wave going to 16500$ and C wave to 8600$
alejandroscotti
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Let’s f@!king do this all over again. I caught this fish at $11000... :-)
MS3IV
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@EXCAVO dear friend what are your current thoughts
Kindest regards :)
cryptodl7
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@MS3IV, potential head and shoulders incoming. Wait for the neckline to be broken
AdrianZen
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Compared to Excavo I'm a total noob but many people seem to be sharing this or similar view
TradingPretzel
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Am I a dummy for expecting a bounce to 17000 and a further retest of 11000-12000 area? A correction of 38% doesn't seem enough after such a long run.
People have been riding the BTC wave for a while, can't imagine everything stabilizing over several days.
Zielinsky
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@TradingPretzel, you have to realize it's a correction from 19k I mean 38% of 19k. It's a hugeeee correction, more then a 1/3 of bitcoin value, more than 200bi market cap correction including altcoins.
Brauny
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@Zielinsky, that money already went back into the market. I rather think we have to deal with market manipulation.