GREAT FALL OF 2018 - BITCOIN
Bitcoin's great fall of 2018. I have sold and gone away until this is totally flushed out!
I can see it going to $5,000 and then if going lower to $3,000. One of these two should hold.
If lower than this it will be a quick dip and reversal back to these levels.
If these two do not hold, it means all the weak hands have not been taken out for the strong hands to buy in enough, so I will not say at this point if it will go lower than stated above.
Let's wait and see how low bitcoin will go in this great washout! The massive 3rd wave when it begins will be 1000000 ft tall wave (metaphorically speaking) by its completion.
We are seeing the playing out of wave 2 from $20,000 down to $5,000 or $3,000?
It is still a wait and see approach while I have gone away till the time comes again to buy.
Worldwide Informational Analyst (WIA) @ Ari's Accurate Analysis (AAA)
6 年I was selling on the way up at $5,000 in 2017 and then buying big when fell thereafter to $3,000 and rode the wave and spike up to close to $20,000 and then exited fully, just prior to the topping and reversal. Now in all of 2018 I have stayed extremely quiet as the slow motion crash happens and have made my comments above as I see it on 22nd June 2018. Time will tell...