Bitcoin is making a series of sideways 3s structures. This is yet another one, which hints to a potential ending diagonal and favor the scenario that this correction is coming to an end very soon.
My bias is to the downside since i expect pullbacks on the majority of the alts in the short term.
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Bitcoin is turning around after a 3 wave pullback. Im removing the limit orders and watching this develop to either a double combo or a triangle pattern.
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Triangle ratios fit, it should fail to take out the (c) high on this scenario and the .618 is on top of the 0.5 from the last decline. Essentially this a zero risk trade since the distance between the projected (E) and (C) is minimal.
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Bitcoin has a bearish structure -complex correction / bear flag. We are trying to find the top here. 7k is definitely possible just as Mex shenanigans.
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Bitcoin finally makes a move since we expected volatility spikes sooner or later.
This is a move you want to see out of a triangle, so there is more downside here.
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Tether speculation and fear pumping the price. Charts are different on every exchange, will waited out till the structure completes. Bearish below 8.5k even if it has a 800$ premium on finex.
@LogicalDeduction, I was waiting for 5.8-6 where the ((A)) is. Maybe you have something around Oct 10th that you wanna share with us? :)
UncannyDeduction
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@Acel, I've got 5 ideas about the turmoil around 15:th October.
Acel
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@LogicalDeduction, Hmm nice, the fib time was 6 and 4 days early on finding the top of the previous pumps. Very interesting that you have something around that date.
UncannyDeduction
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@Acel, Here's a chart of gold/russian ruble... There are 4 other emerging market currencies that seems to have the same patter converging the 15:th. Links can be found inside the idea below:
TomPower
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@LogicalDeduction, well I feel like i'm in amongst giants with you 2.
TomPower
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@TomPower, ok looks like the ultimate floor is high 5s, at last we can probably go long here as I have FOMO and thats no meme