You will hate me, but i beleive Bitcoin is getting much lower
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 ;)
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 ;)
Comment:
What shall i say. To bad i did not follow my oN TA