BTC started the correction which was expected in my last post.
Watch it again here:
https://steemit.com/bitcoin/@ew-and-patterns/btc-is-up-16-over-the-weekend
The first wave down was already completed. But there will be most certainly another leg down soon... It could look like this:
This is assuming a standard correction. Of course there are more and much bigger/longer types of corrections, but this is most seen type of correction...
There is not much more to say here other than this is not a crash. But with the big players like hedge funds entering the market, expect heavy movements in both directions. Bigger long waves and bigger corrections in the future...
If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)