Right now BTC is doing the move down that I predicted in my last post. I want to cite myself:
Update: BTC target after the next move up is 3400$ could be enough, we will see... Making a new post in a few hours..
BTC crashed right through it, showing extended waves down. This means more downside is coming.
The count is clear until this point:
This is one wave degree down into green wave 3 developing:
Green wave 3 will very likely reach 3000$ which means that 2500$ is the most likely target for this correction to end as I predicted 5 days ago! in this post:
https://steemit.com/bitcoin/@ew-and-patterns/btc-update-09-09-17
Be sure to read it again, but don't look at the picture because it is not valid anymore.
The cluster zone is like a magnet...
If you look at the history of BTC you will find that 50% corrections from ATH are nothing special, they are very common. We had a few of those already...
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 :-)