This things happens after so much growth. Correction to 1000+ is welcome.
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To be clear. This is not prediction from my side. Only scenario that i can imagine. Of course my wishes are, that bubble should continue, but not in such manner with meteoric rise.
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Now i see only two possibilities. In optimistic case 3000 will hold, weeks or months in range 3000+ with some spikes above 4000, creating some triangle, and after that decision, bounce up from that formation or going to hell (pessimistic case with possibility to erase 60 to 80% of whole growth to 5000).
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In optimistic case, that i have checked as 5th wave of highest tier, may be 3rd wave. Nothing is for sure in the world of Elliot's Waves Theory.
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Waves building on 4h chart does'nt look for optimistic scenario.
RIP Bitcoin and probably most of altcoins or even all
RIP Bitcoin and probably most of altcoins or even all
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And Zaif exchange is offline? Thanks God that i widthrawed some of my XEMs before this, thats probably last signal to leave trade from other exchanges and sit on Fiats.
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So i must now suspend my plan of smart selling and rebuying. This crash give me opportunity to rest for a while and use what i have earned in private life.