BTC seems to be crashing, but it is entering a strong support zone as I write this. As long as there is no new low (below 11,163$), everything is still good for BTC and there is a good chance of a sharp reversal soon.
But if 11,163$ gets taken out, there will be another huge crash (targetzone 8,000-6,000$). This is the power of a make or break level. If it breaks, then by definition it cannot be a wave 1 scenario, which means it will crash...
In the picture I wrote 11200, but the exact level to watch is 11,163$...
So watch this level closely, once broken it will drop 3000$ minimum within only a few hours.
The levels pointed out are ONLY relating to the BITSTAMP chart. For BITFINEX the mob is 10700. Every exchange produced another low... The differences in price are huge theese days. It sucks, not only for TAs...
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it will be back
Lets hope it will hold. Any fundamentals to cause a crash?
I wonder if it will go up before the new year or if we will have to wait a few days? Seems like a good time to crash it and buy at a low price, the next few days should be interesting,
If it crash, I'm buying more!
Very interesting to watch. Really thinking about buying some discounted BTC.
RIP Bitcoin... time to move over and let the better altcoins take the lead.
I've been waiting for this to happen. But there is way too much dumb money in the market. The best case would be BTC stabilizing while rest of the coins grow enough to make BTC market share go below 30% By that time BTC will have less influence on the market.
Thanks EW&P! A good day to buy the dip, Nice to know about the 11, 163 make or break target too. That's a BIG dip if it's gets broken! Will be watching this close today.
Thanks 4 the quiq update. Hope bears arent too hungry and willing to crash btc to 8-6k . If not , i would love to buy below 10k . Lets see how the day evolves. Thanks 4 the ew analysis
Very important article that all of us need to know. Thanks for sharing the information with us.
Right @wilson76! What information was the most important to you?
That's yearly trend. BTC falls down on New Year. Lets see what happens this year.
Thank you for warning us. If it drops do you have some coin where we could put our money to maintain stabile price? Maybe xrp?
Upvoted. HODLing for long term.
Thanks for the update!! Could you maybe do an analysis on where Steem, Steem Dollars and ripple is headed please?
Next STEEM update will porbably be on 01.01.18.
Expect STEEM and SBD to drop for a little while longer, but it will come back strong.
Cool...thanks for the reply!!
Many thanks for your deep analysis, and I believe it will be strong again when new year coming
Amazing analisys @ew-and-patterns
I really agree on this one. Same for ETH and BCH. On the way round, XRP and XLM are about to surge again.
Just a few more numbers to throw into the mix. Prices are from yesterday but they tell their own story.
Anxiously waiting to see if support will hold. I am mostly in btc so a bit worry.
Your analysis is in tandem,however,it will up/down for necessary correction.
Sound result, I also came to the same conclusions in my analysis #23.
i have a doubt. On what basis the value btc ,sbd and steem changes .
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