RE: Bitcoin BTC Morning Update - Bear Scenario Played out with Temporary Support @ 10K

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Bitcoin BTC Morning Update - Bear Scenario Played out with Temporary Support @ 10K

in bitcoin •  7 years ago  (edited)

Hi phil, as u mentioned ... waves are getting more complex at the moment -which makes counting quite hard - for me it seems like we are in an ending diagonal: look at the 3-3-3-3-3 pattern forming atm. we declined slowly in a mini leading diagonal to the supportline at 13860 ... if you take fib extension from the real outbreak there, you'll find out that the dump fits the criteria with a 1.62 ratio of wave 1 ....

https://www.coinigy.com/s/i/5a5fae30e07fc/

Take a closer look at the 3-3-3-3-3 ending diagonal forming as subwave 5

https://www.coinigy.com/s/i/5a5faf8c5f71e/

in total btc was dumping in an typical 5-3-5 standart zig-zag-correction ...

https://www.coinigy.com/s/i/5a5b99a01b46f/

for me btc was holding the clear pattern i predicted around christmas ... it follows straight the standart-textbook from pretcher and frost, which tell us:

We had a extended 5th wave with a extended 3th subwave. So pretcher-frost suggest a 61% drop (=> 8k-ish) after extended 5th

https://www.coinigy.com/s/i/5a3c273adf381/

most people try to count the november17 correction as wave 2 and were thinking this would be wave 4 (where we are atm), but the rations doesnt fit. But check the ratios yourself ...

https://twitter.com/cryptoTOMATO/status/944256405883838464

I always like to see other people counting so i appreciate your work alot xD

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