Lower equities today on what they say was fear of higher rates, but that’s been happening for weeks now so what’s different about today’s move? They ignore that we’re up against major resistance in the indexes and with such a major data week, will we see a volatility shock from this minefield?
As the dollar falls to 3-year lows, here’s how to play the weaker dollar from CNBC.
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Alt BTC count: Recent ATH was 5 (not 3) using all data. Easier to see on a log chart. Correction into the range of wave 4 of one less degree ~5600-7900 (Nov 8-12, 2017). A possible fractal for comparison is the wave 2 correction, which occupied most of 2014 https://bitcoincharts.com/charts/bitstampUSD#igDailyzczsg2013-07-16zeg2015-03-18ztgOzm1g10zm2g25
Hi William – Thanks for the comment. If you haven’t already, please watch the member’s video recorded on 1/31 for Feb 1st were I address your question. Thanks! Todd.
Todd,
All of this
“Alt BTC count: Recent ATH was 5 (not 3) using all data. Easier to see on a log chart. Correction into the range of wave 4 of one less degree ~5600-7900 (Nov 8-12, 2017). A possible fractal for comparison is the wave 2 correction, which occupied most of 2014 https://bitcoincharts.com/charts/bitstampUSD#igDailyzczsg2013-07-16zeg2015-03-18ztgOzm1g10zm2g25”
was just to say that my count marks BTC 20K as a wave 5 top and ~5600 as the start of wave 5. Based on several BTC fractals and EW correction guidelines, my target was 6,000. That’s been hit (GDAX low 5907, Bitstamp 6022 as of right now). Looks like another low is possible, but I shot my prediction wad. I took a position and am watching.
Bill Snider