Take a look at the week BTC chart: we had already three great BTC downtrends from March'2013, when BTC started it's way to climb to starts. Suppose, the 4th one could come soon, but the main question is still unknown - from what new ATH BTC starts it's new downtrend. Anyway, all the traders, who play as long-traders (or holders) mainly, could already fix their...
The last some days we saw 8x IOT to USD pump, so probably it's time to have a downtrend pricing... This situation does not fit to traditional Fib retracement, but who knows.. If price will move within the corridor we can enter at 2.9 USD approx. So good luck all of us)
If we know ~480 USD was the end of 3rd Elliott wave, so Fib retracement can give us assume the 4th wave will reach min 403 USD and then 5th wave can reach min 507 USD approx. Hope we will earn some more money ;)
It seems the 3rd Elliott wave ends, so expected to see 4th (correction) wave soon, and then we can reach 111 USD level and fix profit in the next 2 weeks. Both the Elliott theory and Fib retracement confirm that :) Will see soon!
This can be the same situation as ETHUSD was on the start of September, price reached the 2.618 Fib and turned to strong downtrend moving. It can be good chance to sell on 480 level and then take profit 10-15%