The panic is good for markets!!!

3 de ago. de 2016

It took more then one month for the ABC corrective pattern to unfold but the decline reached perfectly his target as shown in the previous forecast. I can not rule out a decent new low but the large trading volume shows at $465 support strong capitulation. It means meanwhile the panicking bears were selling the big investors were accumulating.. The most likely scenario for the days to come is a retest of the recent bottom. Whatever the test will produce it's good to prepare for a new bull market. I used to consider any panic as a preparation for a big up move coming. How big it could be? This is very rare for me to use extremely biased words but I believe bitcoin is starting or just preparing for his long awaited shot to the moon.