You will hate me, but i beleive Bitcoin is getting much lower

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I am fearly new to the TA and started only in Nov 2017 to learn even was Elliot Waves are etc. So do not hammer me too hard ;)

Iam using for my TA the startpoint of 12.01.2015, when the uptrend started and the top of my first big wave ended on 18.12.2017.

If you take this into consideration, as well as the fact, that the last big retracement bevore of 12.01.2015 was 38% below of the Fib 0.78 on 12th of Jan 2015.

My theory is that, if we are taking this into account as well as possible panic sells, we could face a correction down to the 4.300 - 2.700 USD, which has also major resistance level in the past.

I guess we will see a massive sell off, once we would reach the Fib 0.786 in a few days and then the sharks will bite and ride the wave upwards.

Thats the theory of a noob only ;)

love you
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out