A DOWNTREND IS BASED ON 5 WAVES DOWN I THINK THE FOURTH IS FINISHED AND WE ARE HEADED TOWARDS THE FIFTH. THE BEST THING POSSIBLE IS TO ACCEPT THE FACT, GO DOWN BUY CRYPTOS AT THE LOWEST POSSIBLE PRICE AND THEN PUMP THEM UP.
PLEASE VIEW THE CHART FROM 2014 BY SCROLLING BACK AND YOU WILL SEE THAT AFTER THE BOTTOM HIT IT STARTED TO GO SIDEWAYS THEN UP. ACCORDING TO THE 2018 CHART, BASED ON THE CHANNEL WE ARE ON THE FINAL 5TH WAVE.WHEN IT COMES TO THE BOTTOM BTC MAY PIERCE THE TREND LINE AND THEN COME BACK. I HOPE YOU HAVE BEEN BLESSED BY THIS CHART.
AS YOU CAN SEE WE ARE IN A HEALTHY CORRECTION JUST FOLLOW THE CHANNEL. BTC MAY BREAK OUT AT D OR AFTER E WAVE. I BELIEVE THIS IS A STRONG POSSIBILITY. ETH, LTC, BCH AND SOME OTHER ALT COINS MAY FOLLOW SAME PATTERN. HAVE A BLESSED DAY. I DON'T THINK BTC IS GOING TO BREAK BOTTOM TREND LINE FOR NOW.
Possible ABCDE flat correction for wave 4. Since we have a double top wave 5 would fall approximately the same length of the length of the double top which is around 4800 . Please examine to see if this is correct. This is not financial advise.
We have had a faithful friend to hold us up for several months from going down to stream bearish areas and I hope that this friend will support us again so we may start to go bullish. Let us try to support the trend line. This may happen in 3 days and have a TD Sequential of 9. Do your diligent research. This is one of several possibilities. Have a blessed day.
We have hit the bottom of the massive triangle but we did not have enough volume to break upper resistances.The reason why there is lack of volume is because there are people who have lost hope in BTC and there those who are waiting for a lower buy or believe that is dropping further. I do not think we are going any further than a possible double bottom....
This is a strong possibility that waves 2 ,E and 5 are almost done. The trend line has been supporting it from 10-2017 and should continue to support we may have a lower wick once we reach the support line but then we should start bullish wave 3. I'm not sure on the future time line for waves 3,4 and 5 if someone can improve on that it would be great. If this has...
I believe that BTC, ETH, BCH and LTC all need to complete the ABC waves of wave 2 for an up trend towards wave 3. The same charting pattern is for each one. They are all paired with USD. I hope this is helpful.