The bulls don't know it yet, but they are running for the slaughterhouse.

This was a precision hit again in BTC. How am I doing this all the time? Is it magic? No, it's my Elliott Wave knowledge + experience.

The 78% retracement could not be breached, so BTC started a small 1500$ crash. This is a typical wave 2 target in cryptos, so this 5 wave move down now is likely green wave 1 of white wave 3.

This is a 15 minutes chart for a more detailed count:

I am accumulating more and more funds, because I think that end of january will be a great time to buy into altcoins. Depending on where BTC is going to find a panic low, I will buy some BTC, too.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

MUST READ!
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 :-)