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important BTC update 15.10.18 by ew-and-patterns

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btc · @ew-and-patterns ·
$36.13
important BTC update 15.10.18
## BTC jumped 600$ today. But this bounce is not necessarily very bullish yet.
## It could be counted like this and might be the usual bulltrap:
![aa.JPG](https://cdn.steemitimages.com/DQmYaztcPNj4i11RdAHAavvoseo3b1U73inVMVLq7cjC8oH/aa.JPG)
## In the best case though, there are also two bullcounts, which could be in play now. One is only shortterm bullish:
![sdjfsdf.JPG](https://cdn.steemitimages.com/DQmSwdxvxGnrN3bTSa2TKKit4bTZ1hdBBfY2JaC7dsZYxrP/sdjfsdf.JPG)
## In one of my last updates, I already told you that we might have already seen the low of this entire correction:
![sdjfsdf2.JPG](https://cdn.steemitimages.com/DQmUxPBYzEdYiE7zGJ31D9n8HYidn4q4efzNiCUkK6UBTnE/sdjfsdf2.JPG)

## So I am seeing three possible scenarios:

1. One more low (three waves) until the bottom is in.
2. Shortterm bullish, but new lows thereafter.
3. The entire correction is done already and we are seeing the start of the next impulse to new ATHs.

## Which one is it going to be?


![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 a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas 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 entirely at your own risk. I am not responsible for any of your losses. By reading this post you acknowledge and agree that you will never hold me liable 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)
#bitcoin #btc #crypto #cryptocurrency #cryptocurrencies #steem #sbd #ethereum #eth #ripple #xrp #bitcoincash #bch #eos #litecoin #ltc #stellar #lumen #xlm #digibyte #dgb #cardano #ada #iota #tether #neo #tron #trx #omg #verge #xvg #bitshares #bts #nano #monero #xmr #dash #ethereumclassic #nem #binance #binancecoin #vechain #tezos #omisego #steemit #money #life #altcoin #altcoins #trading #investing #investment #investments #forex #forextrading #market #finance #gold #silver #commodity #commodities #stock #stocktrading #stockmarket #facebook #fb #apple #aapl #spx #xau #xag #usdjpy #usd #amazon #amzn      
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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 185 others
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vote details (249)
@cannonball6 · 
It looks like you may have revised your downside target upwards to the $5500 range. Is that true and/or intentional?
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@ew-and-patterns ·
$1.05
For the first count yes, because of symmetrical reasons.
πŸ‘  , , , , ,
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vote details (6)
@cryptocrypto18 · (edited)
Apparently the spike was only due to fears of tether collapsing, people were exiting into BTC.
The difference in exchanges was massive, thinking only reached 6700 odd on Bittrex, whereas reached 7600 on Binance, different again on others. More where there was a BTC/USDT pair... don’t know how most are reconciling that, and using EW.
Interested in your thoughts?
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@ew-and-patterns ·
$1.02
The candle on binance is definitely strange, but it is collapsing as well. I will treat this as I would treat a fat finger (some hedgefund adding one zero too much). Just pretend it doesn't exit. Seems also like only tether pairs show this anomaly. And I never look at tether pairs...
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vote details (4)
@cryptocrypto18 · 
Yes think you're correct, currently for example 6730 on binance and 6420 on bittrex, with binance having the tether pair..
Do you have a preference for either of your chart scenarios, as in do you favor very shortly down to 5k odd?
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@d0zer ·
$0.05
I do not expect new highs but hey no one saw this rise happening so anything is possible.
πŸ‘  
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vote details (1)
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