BTC/USD Potentially Nearing End of Corrective C Wave

14 Eyl 2017

Fib levels from last major breakout of ascending triangle. We fell through the .618 fib level (potential double bottom) with ease. I would expect to see strong support at the .786 level which would end the corrective C wave. Admittedly, this wave could correct deeper but not without a bounce here, in my opinion. Many are calling for a 100% retracement towards the bottom around $3k, which leads me to believe the books will get crowded quickly, and start the FOMO wars into a potential uptrend. If you are a long term holder, like I am, this is a very safe entry. If you are more aggressive, you could play the sidelines and wait for further confirmation or try to catch a bounce, scalp, and re-assess.

14 Eyl 2017

Not

Target Reached