Firstly, everything I would say here is of no financial advise to anyone. Please do your own research (#DYOR) , you are responsible for your own decisions.
As shown in the chart above, I personally believe Btc will hit 4.9k to 5k as the bottom for the month of july 2018, As shown in the chart, we can see lot of counts , the major one is the blue impulse down wave of which starts from 10k and i believe it will end at 5k, we are currently starting the 5th wave down, the only bullish sign is the possibility of forming a truncated 5th wave which means we wont dip below 5750 , which also forms a triple bottom, it is possible but i find the possibily of it happening very low.
We started fresh downward waves down from 6,8k and dumped to 6150, if 6150 holds , i believe we will have a small relief as shown in my earlier chart to 6250-6450 ,where i would be looking to add more to my shorts. After this is done, we will have the 3rd wave which is usually the deadliest , could be a very large dump, I strongly believe we will see lower lows this week, but we will see :)
One thing to notice is the fucked up stoch on daily , it hasnt failed all through this year for picking bottoms or temporary bottoms.
If you like what am doing , please give a like and comment and also help build the community ;))
As shown in the chart above, I personally believe Btc will hit 4.9k to 5k as the bottom for the month of july 2018, As shown in the chart, we can see lot of counts , the major one is the blue impulse down wave of which starts from 10k and i believe it will end at 5k, we are currently starting the 5th wave down, the only bullish sign is the possibility of forming a truncated 5th wave which means we wont dip below 5750 , which also forms a triple bottom, it is possible but i find the possibily of it happening very low.
We started fresh downward waves down from 6,8k and dumped to 6150, if 6150 holds , i believe we will have a small relief as shown in my earlier chart to 6250-6450 ,where i would be looking to add more to my shorts. After this is done, we will have the 3rd wave which is usually the deadliest , could be a very large dump, I strongly believe we will see lower lows this week, but we will see :)
One thing to notice is the fucked up stoch on daily , it hasnt failed all through this year for picking bottoms or temporary bottoms.
If you like what am doing , please give a like and comment and also help build the community ;))
Comment:
this analysis was wrong, apologies for this , i was wrong , count got invalidated ,