BTC update 05.01.2020

ew-and-patterns (70) in btc • 5 years ago (edited)

I noticed that on different exchanges the count is not the same everywhere.

This is the chart where the count is most clear and on Bitstamp it is the same as this one:

Bitcoin BTC_USD.png
Bitcoin BTC_USD(1).png

This is basically the same count in two small variations.

This could turn very bullish very fast! Of course, there are alternates, but this one has the right look. I favor it over any other count right now.

image (5).png
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image (5).png
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5 years ago by ew-and-patterns (70)

$2.07

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luegenbaron (64) · 5 years ago (edited)

It appears to me that you're always bullish.. :D

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1 vote

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cryptocrypto18 (39) · 5 years ago

Looks good up to around that 7700, then I think we come down again, the other possibility I’ve seen which I think is likely is we drop again very soon around 7500/7600 into the 6’s again maybe to around 6100 before the bottom.

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ew-and-patterns (70) · 5 years ago

Yes, that is possible, but this is the perfect "nobody gets in at the bottom scenario", so I think this is more likely.
The pattern will only be confirmed above 10500, which is a total disaster if you could have gotten in @ 6800.
The difference is 95x or 166x to 1Million$. I'd call that a very significant amount of money lost by fearing another dip.

My cheapest buy is 4400 and my average is currently around 7100, so I'd buy 6k at any time...

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2 votes

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