BTC 1.29% is definitely on track for a major reversal and this could happen this month. Some say the bear market will end in early 2019 and other believe it will happen before the end of 2018. I can't be bias. I have projected a few targets. The 50% just got hit but it appears that trend is still ongoing. Will be 61% at around $5800 be the magic number we have all been waiting for? I choose to be neutral. Only time will tell.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets. DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
Comment
⋅
Targets remain the same as in the chart above. I'm keeping an eye on that 50% bounce we recently had. However this new pattern of the whole BTC correction came to my sight. The arrows are just an idea of what could happen. I'll be waiting for the correction in wave 2 to be over to project wave 3 and so forth. This is just an idea. Here is the close up look of it.
Comment
⋅
Comment
⋅
Wave X ended lower than expected. The correction is still valid.