Are the Bears coming on the BTC Market?

Lupo the Lone Wolf
Aug 26, 2017 · 2 min read
Elliott correction wave

Hello everyone, this is just a short publication about the BTC Market Trend of today 26-th of August 2017.

As we can see on the today's BTC / USDT chart BTC have made a lower low and higher low and probably the impulse growing Trend have been changed and we will see a serious correction. Maybe the correction will go somewhere to the 61.80% line of support - somewhere around $33xx USDT.

Below is another ABCDE triangle wave possibility to some deeper levels of support, but this is not so possible due to the huge media pump around the BTC these days … :)

ABCDE triangle wave

In some of our next blog post I will cover the very important Trend change topic and how to find out the exact moment of the Trend change. As you know this time is very very important to exit the Market (to sell) :)

I’m posting below a link to one very good video lesson explaining the signs of the Trend change.

To be continue …
In the next article I’ll meet you with Coinbase.com and Bittrex.com.
After that step by step we will start becoming familiar with different Market technical analysis terms and indicators like MACD, with the Fibonacci Retracements and to start studding fundamental Market theories like the Elliott Waves Theory and many other interesting topics.

Thanks for reading! If you like thr topic, Subscribe! :)

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