a bit about the (bit)coin

As we are waiting for the resolution in our main market (ETH), the author thought: why not to post about the “rival” (even though we repeat again and again it’s not really a rival) Bitcoin?

At the moment of writing it is indeed very interesting situation:BTCLong

We had a very strong drop, which can easily be marked as a 5 waves decline (we mark it for now as “A or 1”). Then there was a nicely and completely formed a-b-c correction.

Sooo. What could happen next?

The author would say, that if the red rising trend-line will get broken, the drop down should accelerate.

Let us make a fresh glass of green smoothie, sit back and observe.

Ah, and if there is question, flowing somewhere inside your mind: does it have any consequences for ETHBTC? The answer is like “oh, yes, that drop will change quite something”.

Still, don’t forget, our main count is that we are in the 5-th wave for ETHBTC, as discussed in our last post.

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
The purpose of our blog posts is to outline the progress of markets in terms of the Elliott Wave Principle.
While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will my posts make specific recommendations for any specific person, and at no time may a reader or viewer be justified in inferring that any such advice is intended.
Very important. Investing carries risk of losses. You should be aware of all the risks associated with investing/trading financial instruments. Information provided in this blog is expressed in good faith, but it is not guaranteed.
The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities.
This blog and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.
In no event will we be liable for any loss or damage on your account in connection with the use of our publications.

Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

4 thoughts on “a bit about the (bit)coin”

  1. after a few unsuccessfull attempts to trade, I think I finally found a place where I can learn something!
    thank you very much for your work and for putting it in such a poetic way
    Please keep doing what you do, I’ll keep reading

    Like

  2. You are welcome =) Helping others to learn is one of intentions to keep writing this blog. Feel free to ask specific questions about the Elliott Waves. Also don’t hesitate sending some of your own counts, that will help you learn even faster.

    Like

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