I just made a possibility, as the they say you have to look the bigger perspective... In case this was just a chart, and not our precious BTC... There's a clearer similar pattern forming with XRP... But of-course, I could be very wrong too...
After I showed you the probable long retracement move BTC is possibly going to make with the cup and handle I showed you... I noticed a lot of points have a pattern in a parabolic movement ! If you connect all the lows BTC made in the correction, you can see a pattern made... As well as with the pull backs from those lows... where a bottom support line is made......
got some good info from good analysts, but I still cannot exclude this all time low from one analyst who forecasted this.. Because in a ABCDE correction this scenario could come out...
Counting the Elliott Waves as I am able to, I find it hard to avoid a lower drop, because this would mess up the complete correction... I cannot believe there's no 5th subwave in the C wave... if someone can show me a better set-up, or where I made a mistake, any critic is welcome... Because I have seen very smart and experienced Elliott Wave analysts who change...
double bottom with exactly 2x 0.87 usd ? anyone knows if the correction is finished or not? depending on BTC perhaps?
No idea where it's heading now, but there is a path... indeed.. many of-course, 36 correct? :-)
XRP is still hesitating as BTC isn't quite sure either of-course... the trend was broke already before, but could the buyers win from the sellers this time? Or probably the correction could still take a while... like many other altcoins. A drop to 1 usd looks less likely but possible... I know a lot of sharks are waiting there (perhaps with a head and shoulders...
I am a learning trader... nevertheless I try to HODL at all (human) means possible... on the other side I prefer Ripple as a breakthrough and reallife potential coin. But we never have to neglect BTC as this is the mother of all coins and clearly all alts follow the herd... I had a week ago or so the same retracement indicated on this chart in mind... seemly BTC...