The jaws of death are opening. Be careful out there...
Disclaimer : This is not financial advice and I am not a financial adviser. This is merely my opinion and is intended for entertainment purposes only. All investments have risk and you could lose everything, so never invest more than you can afford to lose. Always do your own research before making...
Here is a very bearish ABCDE triangle scenario for BTCUSD. This would be a near perfect replay of the 2013 crash . Will history repeat itself? I believe so.
I'm targeting around $1300 USD for the bottom, but I believe it could dip as low as $400 USD for a very brief period of time. Price should stabilize at around the $2000 USD level after breaking out of...
Analysis :
BTSBTC is rounding out a nice cup and handle pattern. The current ABCDE correction can be seen as wave 2 of a higher degree impulse wave up. I have drawn an extended 5th wave, as BTSBTC seems to love those. Extended 5ths often lead to very significant corrections, which is why I have drawn a steep ABC correction to follow.
You may also notice that...
The TA for BCDBTC looks very bullish. With BTCUSD falling fast, and BCDBTC going up, I predict that many people will be jumping ship from BTCUSD to BCDBTC.
Now for the interesting part...
The trading for BCD is very thin, and it is an incredibly volatile coin. What many people don't realize, is that BCD has 10x the coin supply of Bitcoin, so a price of 0.1 BTC...
