This outlook is much better than your last BTC update in which you indicated a possible low in the area of 3.3K.
What has changed that you are now more optimistic as I haven’t noticed any change in the external environement?
This outlook is much better than your last BTC update in which you indicated a possible low in the area of 3.3K.
What has changed that you are now more optimistic as I haven’t noticed any change in the external environement?
I am not really optimistic about this, but there is a chance. Double bottom @ 6k sounds good and is plausible. I noticed that wave 2 usually retraces very deeply in BTC which raises the probability for this a little...
But somebody already pointed it out in this comment section. Such a huge downtrend usually ends with capitulation (4000-2000$). I am already mentally prepared for this downtrend to last the whole year of 2018. Anything other than that would be a positive surprise.