Emvo10

Long term maximum lows.

Emvo10 Updated   
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As title spoils, this time posting you daily chart extreme which could possible happen. I mentioned this in previous BTC post.
However, I personally can't stick to this. Targets often not reached in full measure.
This would play out too quick, or exchanges shut down. It is for Black Swan more like.
I never rely only on TA. Always looking also to fundaments, sentiment and Stock market. Big money play its role.
Anyway, also technical and rational. I personally be fine with calm nibbling around 618 Fibo. Let's say 12-14 thousand.
Full target got me 6800 USD as 5th complete-extended wave.. I prefer buy Bitcoins first and after more downside, I am starting with altcoins because of higher risk ratio.

In brief, I am looking on bearish Wickoff, wide broken Bear flag under MA200, low demand volumes and 5 wave correction.

So take care, monitor and let's go to see if new low occur. This is main condition for this analysis.

Emvo.
*This is not any financial advice.
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