BTC, the truth about correction / crash.
Atualizado
Hi;
I'm not an expert, actually farm from it. But from what i've learned in this bear market (I've started analyzing charts first in December), everyone i found on YouTube or Twitter (popular TAnalysts) avoid to say that we are going down.
Why do i think like that ?
Well because considering they are more experienced than most of us, they tell you some bullish bullshit about how market sentiment could be bullish etc. Why ? Because they daytrade or swingtrade. What trade means in crypto ? Harvesting the wrong decisions in terms of BTC or USD. So they always keep that bullish bias somehow and say Death Cross is nothing at all etc because crypto is 7/24. They tell you that and to themselves as well. Why ? Because they make money from price action and if they tell you that that shit is going down, you would sell. You 'd sell and wait for the next dip to get back in. Thus, volume would decrease and price action follows. That makes their P&L messed up.
It's just a conspiracy theory about famous chart analysts out there. What do i think ? They contribute to bull trap and get the interest.
I think truth is simple and obvious. We are going down. And this won't happen tomorrow. It will be slow paced road down to the 5.th wave's target. As you know, 5th waves are unpredictable and risky. This one particular would be the slowest moving impulsive wave that you would ever seen.
Target is below 5k.
I'm not an expert, actually farm from it. But from what i've learned in this bear market (I've started analyzing charts first in December), everyone i found on YouTube or Twitter (popular TAnalysts) avoid to say that we are going down.
Why do i think like that ?
Well because considering they are more experienced than most of us, they tell you some bullish bullshit about how market sentiment could be bullish etc. Why ? Because they daytrade or swingtrade. What trade means in crypto ? Harvesting the wrong decisions in terms of BTC or USD. So they always keep that bullish bias somehow and say Death Cross is nothing at all etc because crypto is 7/24. They tell you that and to themselves as well. Why ? Because they make money from price action and if they tell you that that shit is going down, you would sell. You 'd sell and wait for the next dip to get back in. Thus, volume would decrease and price action follows. That makes their P&L messed up.
It's just a conspiracy theory about famous chart analysts out there. What do i think ? They contribute to bull trap and get the interest.
I think truth is simple and obvious. We are going down. And this won't happen tomorrow. It will be slow paced road down to the 5.th wave's target. As you know, 5th waves are unpredictable and risky. This one particular would be the slowest moving impulsive wave that you would ever seen.
Target is below 5k.
Nota
<blockquote class="imgur-embed-pub" lang="en" data-id="a/GUTQz"><a href="//imgur.com/GUTQz"></a></blockquote><script async src="//s.imgur.com/min/embed.js" charset="utf-8"></script>Trade ativo
imgur.com/a/GUTQzNo matter how you draw those lines and fib levels. 1 thing never changes. If you say it's going down, they would tell you stop the FUD.
Wake up. It's just a healthy correction to 5k, that's all.
Trade ativo
Elliotwaves much ? imgur.com/a/GUTQz This is the short term analysis compared to that Log scale. From December 'till May.Rules ? Read it and realize it's log scale which means 3rd wave is actually 9x of the first wave. It's a bigger cycle i know it, but do you ?
PS: It's not about EWs anyway, the point is we began our 5th wave down at 5 MARCH 2018. Name it C or 5th, doesn't change the result.
Trade ativo
Correction (NOT TA) : I did this whole thing wrong.You guys are right:
THE MAIN ASPECT OF THIS ANALYSIS IS PAINTED IN RED.
MY TWO CENTS and i won't argue about EWs, it's a waste of time;
NEW TL;DR:
BULL TRAP REGION AT $9500 - 11.400 (WHICH MEANS IT'S THE LAST RESORT FOR PROFIT IN UPTREND-SHORTTERM)
FINAL DESTINATION : $4680- $5181
WANNA MAKE RISKY MONEY : LOOK FOR BULL TRAP AND SELL YOUR BTC AROUND THAT AREA
WANNA MAKE EASY BTC : SELL EVERYTHING NOW. WAIT FOR THE 5K. (2 MONTHS)
HOW I PLAY :
SOLD EVERYTHING EXCEPT 1 BTC, LOOKING FOR AN INTEREST FROM BULL TRAP.
WILL LOOK FOR THE LITTLE DIPS ON THE ROAD TO 5K. WILL TRY TO MAKE %5 FROM EVERY DIP USING FIBONACCI TOOL AND THEN ALL IN WHEN I BELIEVE VOLUME IS DOWN, VOLATILITY IS GONE AND IT'S ALL QUIET.
NOT GOING TO COMMENT ON THIS PARTICULAR ANALYSIS ANYMORE.
PEACE.
Trade ativo
IT's on.
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