Guys, this is starting to look like we hit the Jackpot. BTC is doing exactly what it should in a wave 2 correction.
What we want to see now is a wave B upwards and a sharp wave C down, which, in a perfect world, would land around 3500$.
If we see that, it would be the perfect buying opportunity. If I want to buy something, the end of wave two is always the safest place to do that, because I know exactly when I have to cut my loss (@3122$).
I am definitely going to buy BTC at the end of wave 2. And STEEM too.
What we don't want to see is BTC falling below 3360$ as this would signal DANGER that it wants to create new lows.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas 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!
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