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Crypto Update – Are We Near A Bottom For Bitcoin

Cory
September 11, 2018

Ryan Wilday, Cryptocurrency technician at ElliotWaveTrader.net shares what his updated technicals are telling him about the ongoing selloff in Bitcoin and cryptocurrencies across the board. While he still has some lower targets there is a set up that shows a bottom is close.

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Click here to visit the ElliotWaveTrader.net and follow along with Ryan.

Discussion
7 Comments
    Tom
    Sep 11, 2018 11:03 AM

    long LOXO

    Sep 11, 2018 11:23 AM

    Big problems in the third world with conventional fiat currencies.
    What do they have to lose?

    https://cryptodaily.co.uk/2018/09/bitcoin-useful-in-countries/

    https://cryptodaily.co.uk/2018/09/bitcoin-useful-in-countries/

    b
    Sep 11, 2018 11:31 AM

    Sorta funny, we have resistance around 6400, should drop to 5700, 4700 is “key” unless it goes to 6900 we could drop to 3500 .

    Some coins have already put in a bottom, everything has much to prove first but its possible.

    8500 confirms a “swing” low, but 15000 is needed to confirm a bullish breakout is more likely.

    Wow, talk about covering your bases, no matter what happens with bitcoin this fellow can say he saw it coming.

    Your right cory, interesting comments.

    Sep 11, 2018 11:53 AM

    That’s funny, b.
    It’s typical Elliot wave theory. Price could go up,down or sideways for a bit. (Guaranteed)

    Sep 11, 2018 11:00 AM

    As of right now there are 2,239 cliptocurrencies. Until that number drops by 95% you are nowhere near a bottom.

    Sep 11, 2018 11:29 PM

    Easy way to dip your toes into free crypto – “great exercise” Aircoins….. McAffee investment?

    Phone app.. https://play.google.com/store/apps/detailsid=com.aircoinscorp.aircoins&hl=en_US

    Aircoins Walk-Through – Collecting Crypto in Augmented Reality

    https://www.youtube.com/watch?v=1UWh9HW59QQ

    Sep 11, 2018 11:36 PM

    I must admit, I thought bitcoin would fall further than this when the price collapse begun. To think that this time last year it was around $3,000 does show it has been somewhat resilient in its current bear market.