I think we are in the final stages of an ending diagonal in wave c of B.

My wave count expects BTC to drop to 7000-6600$, starting this weekend.

This is a 30-minute chart. If you see something like this, you can expect my count to be correct. Ending diagonals force a strong counter direction move.

It is safe to say that there are so many overlaps in this mess, that it is very unlikely to be an impulse wave structure which would bring BTC immediately to new highs. The only other possible count feels totally like a forced fit. I will not even consider or show you this other count unless this one is invalidated. It will be invalid @ 8607$ on Bitstamp.

I will increase my short position threefold once I see the first sign of a drop. Stop Loss has to be 8607$.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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