In one of my last posts I told you to expect more pain to come. Now here we are. Capitulation is happening as we speak.

Even I start to feel a little FUD, especially because I know exactly where some of the bullish counts are going to be invalidated. But, I have made a commitment to myself to not sell anything even if it goes to ZERO. Keep in mind that RSI has never ever been more oversold in the BTC daily chart...

I have marked you the most important reversal targets. 3200, 2700, 1850, 1163 and 1000.

The last immediately bullish count is going to be invalidated @ 2.24$. Oops, that is probably not what you wanted to hear...

If you think this to be useful information:


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.

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.

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Have a nice day :-)

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