BTC update 05.05.18
It looks like BTC has finally started white wave 5 of blue wave 1. After this comes a requisite ABC correction. I think it will be a big correction to scare off investors, because the big money investors know what comes after blue wave 2.
They want a cheap buy in price to start off a giant rally.
If this projection is right, May will be a bad month for cryptos, but the rest of this year we will see explosive gains.
EW is very bad at giving time estimates, so don't give too much weight to my time projections. The pathway is more important than time. It can happen faster or slower than projected, but the end result is likely the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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That short term section says very little about what Bitcoin will do next. Look at the long term chart to see that Bitcoin is around the beginning to middle area of a medium-long down cycle. The long-term pattern agrees with ew-and-patterns that Bitcoin will go down before it goes up. It will likely take a lot longer than May to finish going down. If you'd like more details, please up vote this reply. Corey Chambers, http://www.BitcoinGauge.com
Yes, it is possible scenario
This seems plausible with EW, but my gut tells me, that May-July will only see massive ups. Let's see who will win the race. My gut vs. your waves 😀
I'd say end of May would produce some massive gains. I'm not looking at EW and it's not my gut. i just look at the fundamentals and the end of May seem very good.
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yes, finally BTC is rising high on its price for last 2 or 3 months.
I wish it will happen even if I'm not own BTC but I hope to get almost 1 BTC by earning 1 worth in Steem /SBD i love crypto
I'm very disappointed about XVG but this time I wish Goldman Sachs will do well with BTC and will pump it Loud!
I have a lot of XVG myself. Just hodl, it will be great next year.
i had 364 :| but exchanged for SBD
Really, you have done alot here and you have been so good on update, @ew-and-patterns you full of excellent..
Is this the highest rise of BTC in this month?
Thanks for share
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There will be a lot of interesting!
Would you say that the higher wave 5 goes, the deeper the retrace will be?