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RE: Bitcoin (BTC) Evening Update: A Pregnant Bullish Ascending Right Triangle!! Check out these CHARTS!
@Haejin, I remember a while back you did say that after bitcoin hits 20+k, we will see a huge correction. You had the target towards 500, but I don't think it will go that low and I don't think you meant exactly that. But do you still believe after this huge run we are going to see those 50-70% corrections from top? Lets say down to 12500-7500 range fro the top? I know bitcoin has gone through an 80% correction before. Would like to get your input as to where you stand with your predictions from a while back. So far the top seems to be coming true how about the bottom? Still thinking we will see a deep correction?
$30k or so, then correction NOT a crash, a correction to 18k or so; then $75k
@haejin I love your predictions in actually applying the correct theory. resteemed this too
@nkd11 As for the market it will always semi-fluctuate depending on world events and news. I would say as heaps of regulations and taxes are just starting; after the next big most govt. departments will start targeting individual crypto traders for tax or other "regulations" of sort. At that time there will be another huge correction of 40-60%.
I hope all Steemers can support each other more and create awareness for each other, articles like this would be GREAT help to all newcomers to this crypto world.
Thanks guys!,
CryptoZen