Seeing the daily TF, zoomed out and applying the elliot wave count in here, I see a potential major correction coming up??
Since the parabolic rise this year, BTC did not retest the longterm support line.
We have tested 1800 twice, 2450, 3000 but not the longterm support line ( varying 1300-1500)
Personally I do not want to believe it nor I want this to be happening. It causes loads of investors and the crypto community lose trust in BTC. However, what goes up must go down..? With the recent "war on crypto" by bankers ( JPMORGAN for example) and the government ( CHINA) can justify a drop quite easily by timing it after Wave 3 ( red line) caused for a deep wave 4.
Would 2018 be a big correction year for BTC? Will bad news justify the big correction? It acts like a final push for distaster.
We have added 2 related ideas from HamadaMark because I have been following him for a while and his analyses makes me think about the open "gate" of 1300.
Since the parabolic rise this year, BTC did not retest the longterm support line.
We have tested 1800 twice, 2450, 3000 but not the longterm support line ( varying 1300-1500)
Personally I do not want to believe it nor I want this to be happening. It causes loads of investors and the crypto community lose trust in BTC. However, what goes up must go down..? With the recent "war on crypto" by bankers ( JPMORGAN for example) and the government ( CHINA) can justify a drop quite easily by timing it after Wave 3 ( red line) caused for a deep wave 4.
Would 2018 be a big correction year for BTC? Will bad news justify the big correction? It acts like a final push for distaster.
We have added 2 related ideas from HamadaMark because I have been following him for a while and his analyses makes me think about the open "gate" of 1300.
