BTC correction is over? History speaks: More correction to come

DCFreak Updated   
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Drawn lines are not to scale! and shouldn't be used to estimate prices.

So I looked at every single major correction that happened to BTC in a log scale and interestingly all of them had a similar behavior:

3)Stronger Drop

Technical analysis is all about possibilities, and this idea is one of the possibilities based on previous corrections.
I know the majority are saying correction is over 30k$ here we come, which is one of the possibilities that I respect.

If it drops further we will be looking at something in the range of 5 to 8k$.
Comment: If you look at Gdax you will see that a lot of whales are getting out of the market selling 100+BTC.

The reason why the price follows the pattern below:

3)Strong Drop

Is because the rebound is called bull trap, and this is to convince people that the correction is over and make them buy back, while in reality its a chance for whales to sell all of their coins to us.

Again, this is just a possibility.
Trade active: Rebound in process
Comment: Price will reach 16600$ before crashing. (just my prediction based on Jun 2015)
Comment: Everything going according to plan still
Comment: Everything is just what I expected exactly, lets see if it will keep going this way :)
Next cycle will take us to a new all time high. However, for now a correction is needed to bring in new investors. Will keep you all informed with any changes to the plan.
Comment: Get ready for it... Seat belts on :D
These coming few days will be crazy!! (Crazy either way, like if it goes up, it will go to 25k$!!! and if it goes down, it will go to 5.6k$) Either way... its great!!
Comment: I still believe in this idea..
Comment: "Price will reach 16600$ before crashing. (just my prediction based on Jun 2015) "

Called it...
Exactly following the idea.... When to buy? around 8k or 7k
Could go down to 5700$... all depends on what will happen in the next few hours.


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