ELLIOT WAVE COULD SEE A 10.2K retracesWhile many are panicking; Im literally dumping everything I have into $BTC as I know what's about to happen-- when a selloff this huge with news this bad (both economic/social) usually one thing follows && for confirmation just keep an eye on price of $GLD which parallels #BTC, with a delay ofc. Always set your stop-losses! 10% (with the 12.8% selloff) is appropriate.
Now BOOMS N BUSTS FOLKS REMEMBER
Stop. Breath. Don't panic. Don't FUD.
We have a clear and visible Elliot Wave (not from this publication but check this img:
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NOW Compare/contrast with this one:
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STOP LOSSES SET @ red line
TP1 & TP2 -- yellow lines
DISCLAIMER:
TRADE CAREFULLY. DO NOT GET GREEDY. DO NOT TRADE WITH YOUR GUT, USE YOUR HEAD!
TP3 AKA SHORTSELL / PIVOT LINE AT GREEN
Btcforex
Have you seen San Andreas? =)#VolatilityWatch
Text shown in the chart details my thoughts on current trend/ pattern analysis.
Bitcoin bounced sharply off long-term level of support. The symmetry within the #currency is beautiful.
Pattern suggest that the triangle filled with pink will be the range of support and resistance for now.
From a long term perspective, looking for break of this $11,800 (current resistance) for potential move back to $12,500. Then looking for short
opportunity to ride wave 3 down =)
** Like and follow my money moves with stocks and crypto +)
Disclosure : Thoughts expressed on this chart are my own. I may buy/ sell within the next 72 hours. This is not a note to buy or sell. Please do your homework before investing.