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BTC update 14.06.18 by ew-and-patterns

View this thread on: hive.blogpeakd.comecency.com
· @ew-and-patterns · (edited)
$15.24
BTC update 14.06.18
# Quick BTC update 17.06.18: Ichimoku indicator on H4 chart is very close to creating a rare "strong sell signal". It may be only 1 or 2 days away before this signal gets activated.
## Hey guys, I am back home, and I am excited. You know I am a longterm oriented HODLER and longterm bullish on most cryptos, BUT:

## You better get ready for cryptos to drop 40-50% in the coming weeks. There is still a small chance that it will not crash, but it looks really bad to be honest with you.
## Regardless of the count, the last relevant support level is 5920 (February low). If this is breached, I don't have any plausible shortterm bullcount left. But until then there is a small chance for this:
![TiZGVb1N.png](https://cdn.steemitimages.com/DQmQv5weoLFXAH2ZZXT9HQr23fzRYUfK1m96ELge9zhJVGH/TiZGVb1N.png)
## If we don't see this giant bullwick in the next two days, which brings BTC back into the triangle, I think this is what's going to happen:
![Bitcoin BTC_USD.png](https://cdn.steemitimages.com/DQmeyrhhfzG6T5WFbxHF9tVzbKmvr6eykUfX3p7hvE2cwDK/Bitcoin%20BTC_USD.png)
![BTC legendary count.png](https://cdn.steemitimages.com/DQma9gVQWZWbAcXZEMhw6XBwRUBvGVk6Q1M4uVj9nU3msHY/BTC%20legendary%20count.png)
## The second pic of this post suggests (white background) that the correction should be done in early August and that the optimal target for wave C is 3100$, because it would be the exact same length as wave A. (C=A happens quite often)
## Are you ready to buy STEEM for 1$ again? Because you might be able to do that soon. I don't think STEEM will drop below 1$, because the demand @ this level is huge. So STEEM might be one of the coins, which does not drop 50% in total from todays levels.

## The total marketcap suggests a 50% drop as well...
![market2.JPG](https://cdn.steemitimages.com/DQmQTE5GkGm4QqZUJv1W6y9o9ScZMNPHGvMGz3fTZgmAx8N/market2.JPG)
## Also have a look at the volume:
![volume.JPG](https://cdn.steemitimages.com/DQmdx1cyomZYwPLgaSDFvbJDGodoGLtBsvabqk7RkRp8Vj8/volume.JPG)
## There are NO BUYERS yet!
## If this drop happens, my taget zone is going to be 4500$ - 3000$.
![target.JPG](https://cdn.steemitimages.com/DQmXLbxW3Pz58jaH1fMRed9QNvjSG8EE3pokE7LvFnjeLBf/target.JPG)

# Stay tuned... and don't panic.

![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.


Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)



![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
#crypto #cryptocurrency #steem #sbd #bitcoin #btc #bch  #eos #ethereum #eth #litecoin #ltc #ripple #xrp #stellar #xlm #nano #cardano #ada #vechain #digibyte #dgb #binance #tron #trx #iota #neo #xmr #dash #omg #verge #xvg #bitshares #bts #finance #money #investing
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 274 others
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vote details (338)
@abdulmanan ·
Welcome back :) Glad to see again :) 
How was your holiday? 
Following your analysis :)
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@ew-and-patterns ·
$1.84
Thanks, it was great! even though BTC was crashing. But I had not much time to think about that^^.
👍  , ,
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vote details (3)
@abdulmanan ·
$0.06
ahaan you know what, time spend with the family is the best time we can ever have, Glad to know you didn't notice Market, maybe you could get worried ,
👍  
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vote details (1)
@andreina89 ·
Very good explanation excellent graphics friend great job well
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@andriustovis ·
I do think BTC is going to plunge more and possibly repeats corrective pattern of 2014!
I made a post today with corrections comparison:
![]
https://steemit.com/cryptocurrency/@andriustovis/bitcoin-update-if-you-think-that-history-doesn-t-repeats-think-again(https://cdn.steemitimages.com/DQmTrajZHCz4fuTqXgJXhENyWZCnMw8KSDkS85Z31CPLYG5/image.png)
👍  
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@ew-and-patterns · (edited)
$1.93
Never mind I found a way to make it work. Yes could be.
👍  , ,
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vote details (3)
@away4pro ·
$0.07
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@ew-and-patterns
All the best!
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vote details (1)
@black-square ·
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👍  
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vote details (2)
@claubzs ·
Well I can't deny it is an amazing opportunity to buy, but I'm a little bit sad because I needed the money for the end of the month and the market doesn't seem to help me.
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@cryptocrypto18 · (edited)
Thanks for the analysis!
Definitely nervous atm, however a little excited as well.
Big moves ahead one one or another, I am holding tight!
If we drop to 3000-4500 odd BTC I am buying as much as possible in this order Steem, EOS, BTS, BTC, ETH & depending on cash reserves maybe some LTC  as well..
Do you think if we got that low it will then go to new ATH's??..
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@ew-and-patterns ·
$1.84
Yes to new ATHs! Will buy those coins too, with LTC, BTC and EOS beeing the biggest positions. Good luck.
👍  , ,
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vote details (3)
@cryptocrypto18 ·
Good luck to you as well my friend. :)
My faves in order are Steem, BTS, EOS, BTC, ETH, LTC & will buy more.
I have others like XVG, RDD, IOST, DGB, GNT, CVC, DOGE, BCN, ETC, TRX, ADA, XRP.. however less confident in them and prob wont buy more of those at bottom..
I wish you lots of profits!!
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@cryptocrypto18 ·
How do see things progressing atm?
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@d0zer ·
Welcome back. I hope you enjoyed your holidays.
Now back to reality. Or hell. ;)
I do agree with you we are going down more. I’m waiting for those very low prices. I don’t expect new all time highs this year though.
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@ew-and-patterns ·
$1.94
Right. If it is 3000 in August, new ATHs seem impossible for 2018 at least.
👍  , ,
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vote details (3)
@demonklyd ·
welcome back! Seems like it's bouncing a bit. Dead cat bounce?

Next major support seems to be at $5600. How could it go lower than that? People who sold between 15000 and 19900 are gonna get back in very soon in my opinion. Why risk to miss this opportunity? Compared to where it will be in one  year, this is already at at bargain...!

Hope you had a nice holiday.
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@ew-and-patterns ·
$1.95
Yeah I did, thanks^^. Because the the big money is clearly not buying yet. We will see big candles again soon.
👍  , ,
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vote details (3)
@facttechz ·
Oh my God ! 40-50% downfall. 
I wish a better price for cryptos.
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@gotfri ·
The forecast is very optimistic. There are no factors that sit down Bitcoin. until the end of the year the maximum is 11K.
👍  
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vote details (1)
@ew-and-patterns · (edited)
$4.20
LOL. Did you even read my analysis? Probably not. I say it is going to crash at least to 4500 and that there is only a slight chance left that we have already seen the low @6120...
👍  , ,
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vote details (3)
@gotfri ·
Now a month has passed and there are no 6120 or 4500, but there is 7.5K.
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@vgc5000 ·
That's crazy talk ;) they've been predicting this for a few months.  THEN we can go higher.
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@hoppe · (edited)
Welcome back!
I decided to sell a large chunk  of my crypto-portfolio into fiat. Not sure what will happen if everybody starts running to the exit. Will re-enter when this dip has been completed.
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@ew-and-patterns ·
$4.22
I was debating this as well, but I decided to keep and buy more low.
If I would have been @ home, I probably would have sold 50% as well. Now I don't feel comfortable selling this low. 

Yes 50% is still a lot. But what if it turns @ 4500? I would be so pissed.
👍  , ,
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vote details (3)
@hoppe ·
Is current bounce up the one you were referring to?
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@ew-and-patterns ·
$4.02
It could develop into the bullwick, but for now it is much too weak. It needs to break 7800 in the coming days to have a chance to stop the drop.
👍  , , ,
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vote details (4)
@infotechswarup ·
Hi ew-and-patterns.Thank you for giving so much information.
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@iotdevnet ·
Not possible to lower than 4k
properties (22)
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@maad666 ·
is that help steem to be up ?
properties (22)
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@rotonrtr ·
The majority of investors including prominent trader Peter Brandt predicted an upside break for BTC throughout this week. But, as CCN emphasized on June 6, predictions on the upside are conditional and based on an assumption that the volume of BTC recovers in the short-term. Throughout the past two weeks, the daily trading volume of BTC has remained relatively low, in comparison to early 2018.
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@steemitboard ·
Congratulations @ew-and-patterns! You have received a personal award!

[![](https://steemitimages.com/70x70/http://steemitboard.com/@ew-and-patterns/birthday1.png)](http://steemitboard.com/@ew-and-patterns)  1 Year on Steemit
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@sumatra ·
All cryptocurrency  still volatility to much for institutional investor.  But we have sure to market up when  official market in India  and South Asia open will open again . Hope it happens in 2018 year .
properties (22)
authorsumatra
permlinkre-ew-and-patterns-btc-update-14-06-18-20180614t161208373z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
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@summertooth · (edited)
Could SBD drop to *under* one dollar? I know it's supposed to be pegged at one dollar, but since that broke and SBD went way above, could it drop below as well? Just a thought...
properties (22)
authorsummertooth
permlinkre-ew-and-patterns-btc-update-14-06-18-20180614t124127881z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-14 12:41:30
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@ew-and-patterns ·
$1.86
Yes, but not for like more than a week. Two weeks at max.
👍  , ,
properties (23)
authorew-and-patterns
permlinkre-summertooth-re-ew-and-patterns-btc-update-14-06-18-20180614t124458443z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-14 12:45:12
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vote details (3)
@thuraaunghtet ·
$0.06
I think we should buy steem at this time.
👍  , , ,
properties (23)
authorthuraaunghtet
permlinkre-ew-and-patterns-btc-update-14-06-18-20180614t124515126z
categorybtc
json_metadata{"tags":["btc"],"community":"busy","app":"busy/2.4.0"}
created2018-06-14 12:48:21
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vote details (4)
@andriustovis ·
No, it's not the perfect time! STEEM could develop this corrective pattern:
![](https://cdn.steemitimages.com/DQmRNFWgXYCYzbJWfW7ZFC3SRW5zNiAhnuoBUQSUrwh7L2r/image.png)
👍  
properties (23)
authorandriustovis
permlinkre-thuraaunghtet-re-ew-and-patterns-btc-update-14-06-18-20180614t173941128z
categorybtc
json_metadata{"tags":["btc"],"image":["https://cdn.steemitimages.com/DQmRNFWgXYCYzbJWfW7ZFC3SRW5zNiAhnuoBUQSUrwh7L2r/image.png"],"app":"steemit/0.1"}
created2018-06-14 17:39:42
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root_title"BTC update 14.06.18"
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vote details (1)
@vgc5000 ·
I've been buying Steemit between 1.61 and 1.71. So far in the past 6 months, as long as I buy under $2 it's come back to at least 2.5.  Also, hoping to make a few more bucks to buy cheap BTC!!!
properties (22)
authorvgc5000
permlinkre-ew-and-patterns-btc-update-14-06-18-20180614t132211770z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-14 13:22:12
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depth1
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@ew-and-patterns ·
$4.13
STEEM will come back to 10$ again in the future. I have no doubt about that. So getting some below 2$ is always a good deal. The lower the better.
👍  ,
properties (23)
authorew-and-patterns
permlinkre-vgc5000-re-ew-and-patterns-btc-update-14-06-18-20180614t134540650z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
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vote details (2)
@vimukthi ·
It's nice to see you back again. People are eventually going to get sick of BTC and loose all hope before a real bull run start. By that time (hopefully) the alt-coins would have reached some maturity with many working products. Venezuela is having some pretty impressive adoption rates.

https://www.dashforcenews.com/dash-merchant-adoption-in-venezuela-soars-to-top-spot-passes-us/
properties (22)
authorvimukthi
permlinkre-ew-and-patterns-btc-update-14-06-18-20180617t151641706z
categorybtc
json_metadata{"tags":["btc"],"links":["https://www.dashforcenews.com/dash-merchant-adoption-in-venezuela-soars-to-top-spot-passes-us/"],"app":"steemit/0.1"}
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@ew-and-patterns ·
$3.43
Yeah, that's because in Venezuela the shit already hit the fan. It keeps getting worse. They are starting to seize property already. This is a total nightmare for everyone living in this hell. 

Of course mainstream media does not talk about it...
👍  ,
properties (23)
authorew-and-patterns
permlinkre-vimukthi-re-ew-and-patterns-btc-update-14-06-18-20180617t155845336z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
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vote details (2)