It 'only' took 4 days to hit the bottom of the 5th wave in our ABC correction. We had a fairly good little bounce back as the market must think that $8k Bitcoin is a bargain. What happens next? Traditionally we have 1-5 motive waves that kick in and take us to new highs. BUT is that where we are at or do we have another dip? Let's consult the Oracle 'Litecoin'.
On the recent drop, Litecoin hit $157.50 which is ONLY $.23 cents different from our March 9th low of $157.27. What does this tell us? That much of a retraction might be because we are not at the bottom yet. We might have another low to mark a new bottom of the 2nd wave (around $145!). If that is the case then Bitcoin will most likely also be falling so stay tuned for more info. Picking Litecoin up for around $145 is a complete bargain!! Of course, timing your buy in Coinbase will be extremely hard so you might want to set your expectations a little higher.
Update: Prior to posting this Litecoin and Bitcoin both started to show motive waves again. In order to be a true large motive wave 3 we would have to see some serious gain in price. The sidewise price action is a good indicator that we may not be in motive waves yet.
May you have abundance in all of 2018!!
I am not a financial advisor as this is all for educational purposes only. It is YOUR responsibility to double check, triple check to see if any of my claims are valid. If you like my content please feel free to comment, thumbs up or donate! If you become rich because of my content please don't forget GunTotnHippie is always looking for a new set of Tibetan singing bowls or the new Sig P220 10mm Legion. ;)
BTC - 1BD4K7YnRejZmhddcjQceo8SHgS9F96uu1
LTC - LLJ1UamiehmRHptYKDdgXzpffJxP7rHD7