BTC EW count

in cryptocurrency •  7 years ago  (edited)

We had a pretty strong bounce and I believe the correction is over. Which implies that the entire CC space should be on the rise from here.
https://uk.tradingview.com/x/b5KqAGXS/
BTC.png

cryptocurrency
7 years ago by

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      ·  7 years ago 

    If the market goes below $11968 this count will be invalidated.

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      4 votes
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        ·  7 years ago 

      we went below today , so count is invalid right ?

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        1 vote
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          ·  7 years ago 

        yes

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          1 vote
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            ·  7 years ago 

          This count has been invalidated.

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            2 votes
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              ·  7 years ago (edited)

            a recent post you stated a close below 14205 would see further downside to the 89 WMA at 12880, is this still valid? thanks srezz

            edit: the korea news is likely gonna end the recovery. damn.

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              1 vote
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                ·  7 years ago (edited)

              I use WMAs because they represent dynamic support/resistance. Yes, at the time of writing 89 WMA was @ $12880. But now it is @ 12912 and we have just bounced from it. However, if it doesn't hold we will test the lower low of the 22nd of December.

              https://www.mql5.com/en/charts/8150989/btcusd-d1-simplefx-ltd

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              5 votes
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                ·  7 years ago 

              you think btc is still going to recover from this FUD?

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                [-]
                  ·  7 years ago 

                To turn this train around will take quite a bit of time and effort. But here is the yardstick - a weekly close below $13282 will be a confirmation of the bear trend

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                5 votes
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                  ·  7 years ago 

                I understand. thank you.

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                    ·  7 years ago 

                  Srezz.. you are amazing.. i cannot thank you enough for being open to share such thoughts.. can you guide what can one read to gain more understanding about data analysis about cc market

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