So, I was quite successful with my XRP newbie charting back then.
From this another newbie chart, I try to see where's the exact wave v of the BTC correction. It seems that, tomorrow would be the time, based on the volume oscillation, and sine wave analysis of the RSI.
Psychological: people expect bullish trend, but trapped into wave v correction as haejin predicted, BTC down to new low, but not as much as 8-10K, a bit around 11-12K again.. then people would go into panic sell, and whales take opportunity to propel new ATH.
Again, take it with a grain of salt. This is very experimental.
Yorum
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Wait, just crossed my mind. How if wave v point is lower than that -because- of the panic selling? So what I predicted right now would be the reason for BTC to go down to wave v.. it might reach lower than 11K in that case.
do you think that there is a channel to go upstairs after pointing lower than 11k?
hart-mo
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@emregungor85, of course, what goes down is going up
emregungor85
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@hart-mo, But i think time cannot be estimated well?
korganos
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@emregungor85, indeed, timeframe is very finicky in crypto, especially in high volatility times, not to mention the delays caused by network congestion (a lot of rubberband price actions)
But, it's very likely that when it hits ~11K it will gradually recover due to whales buying in