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RE: Bitcoin (BTC) Morning Update: What Would Signal a Bottom?

in #bitcoin7 years ago (edited)

@haejin, my analysis is very similar in targets to yours :)

A small difference in the waves but same destination.
Please check em out theres a lot more :)

https://steemit.com/bitcoin/@crypto-outlet/btc-analysis-short-term-bigger-picture-yesterdays-targets-hit

I present a count where wave 3 is in progress already and we should see more upward momentum on a short term.

What do you think is wrong with this 5 wave count? not considering the extra candle wicks?

there is a little bit of a touching of the 1 and 4 wave but very little.

is there anything else I am missing that doesn't make this a more probable count?

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Leading diagonal

A good plausiblity for sure. It would become invalid once a full impulse is in at five waves up.

That would clearly enable a breach of the upper line of the wedge and a breakout! Then it would have happened too far from the apex...not the most ideal. I'd much rather suffer through another lower low potential and get a much stronger bottom breakout.

anyone help me its going up?