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RE: Bitcoin (BTC) Morning Update: Correction Likely Not Yet Over

in #bitcoin7 years ago

Keep in mind guys that according to Elliot theory that the E wave in triangle corrections may not complete. This is stated clearly in the test Elliot wave principle (see page 49 of Elliot wave principle - Frost and Prechter). While I do expect a downturn, I do not expect a lower low. I would personally be surprised if we went below the 9-10.5k$ buy zone again.

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are you surprised now?😊

its broken the important 1103 resistence already !

yeah but there wasnt soooo many weak hands back in them days, traders where pros.