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RE: Bitcoin (BTC) Morning Update: ABC is still on

in #bitcoin • 7 years ago (edited)

Hi Haejin,

can this be and ABCDE (33333), with sub waves abc (535)? I read in Frost and Prechter that ABCDE corrections are 33333, but that is for wedges/triangles. I didn't see flags and don't know if this count could be valid.

Please critique if you have time.

Thank you for all your efforts.
Screen Shot 2018-02-19 at 2.17.08 pm.png

7 years ago in #bitcoin by
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     7 years ago  

    Yeah, this scenario looks the most real one.

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     7 years ago  

    That was my scenario too before it broke the triangle. Now I'm thinking it could form a double bottom , using the triangle as support(supported by fibonacci retracement), although the head and shoulders target supports a breakout and 50/200 ema are converging:

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     7 years ago  

    $12,300 or so will be the critical juncture as had been posted in prior blogs.

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     7 years ago  

    Yes, that's close to where my target is (red line). Thank you for responding.

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     7 years ago  

    This is my primary still. I believe you are accurate with having one more lower low.

    I wrote a blog on it yesterday:

    https://steemit.com/bitcoin/@bitshareboy/bitcoin-update-correction-isn-t-over-yet