BTC update 05.05.18

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It looks like BTC has finally started white wave 5 of blue wave 1. After this comes a requisite ABC correction. I think it will be a big correction to scare off investors, because the big money investors know what comes after blue wave 2.

They want a cheap buy in price to start off a giant rally.

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If this projection is right, May will be a bad month for cryptos, but the rest of this year we will see explosive gains.

EW is very bad at giving time estimates, so don't give too much weight to my time projections. The pathway is more important than time. It can happen faster or slower than projected, but the end result is likely the same.

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If you think this to be useful information:
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Feel free to use and share my charts, but please mention me, ew-and-patterns@ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.

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Have a nice day :-)

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BTC update 05.05.18 | Ecency