Oops! I am not happy about it, but BTC showed a sharp decline. And you were prepared for that, if you read yesterdays analysis.
This is just for your awareness, but if you see a sharp decline before BTC is able to make a new high, be alarmed:
This is what I warned you about yesterday:
You can read it again here if you want:
https://steemit.com/btc/@ew-and-patterns/btc-update-07-01-18
Today I took profits in some of my highest earning altcoins. I am expecting a few red days and I am waiting to buy back cheap. But I never sell everything. Because whenever I sold everything, the next day had a 30% increase guaranteed :D
I sold 30% (but only of my biggest stacks) to have cash ready when the next wave up finally arrives.
My bet is, that 10k BTC is the target for this ABC correction. After this, the market should be cleared and ready to break 20k effortlessly.
Maybe a news of the scaling problem solved (at least temporarily) will arise after wave C?
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, 
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.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)