I observe that the last C correction started a monday - the 15th of January, after what we touched a bottom C correction at around 9000 - 48h after the start of the correction.
If the same scenario repeats, tomorrow monday 22nd could be the start of the final E correction. One that is already engaged right now.
Also coincides with 1st official announcements from South Corea and European regulators arriving in the beginning of this week (monday/tuesday).
Thanks @hajin for helping see the trees in the forest.
PS. I have lost some consequent amounts following some @haejin Kabooms, but I also learned from it and this is a very very valuable information for the long term.
@haejin it´s a descending chanel TF daily BTC/USD Stamp.
Thoughts?
https://steemit.com/bitcoin/@thomasawa/el-bitcoin-como-un-leon-enjaulado-en-un-canal-descendente-spanish-version
Good analysis!
Now, first stop 10.5k pullback, retest 10.5k. So 3 times, drill and go for the 10k pullback, 10.5k, retest 10k.
Second stop 9.5k and 9.2 k pullback to 9.8k.
9.5 / 9.2k and drills the 9k to 8.8k
To prevent clutter here, I organized all my thoughts on BTCUSD in a steemblog post.”Jan 22 2018 (2:00 UTC): What is the price resistance against BitCoin (BTCUSD) that must be broken to change its trend?“. Please check it out and let me know if I am missing anything…https://steemit.com/bitcoin/@chipmaker/jan-22-2018-2-00-utc-what-is-the-price-resistance-against-bitcoin-btcusd-that-must-be-broken-to-change-its-trend
@kimjongpoo
I want to answer you with this saying: You only write when what you want to say is more interesting than your silence.