BITCOIN (BTC) Update: Revised EW Counts using recent price data
If this is to be a five wave impulse down for wave a of the abc (red); then wave (iii) is about done and wave (iv) should start. This count would be invalidated if magically, prices surge and exceed $4,696. Once wave (iv) is in, then wave (v).
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Shouldn't it surge again as people flock back to BTC and away from ICOs?
I disagree. ICO stoppage increased fear overall and flamed this bear market.
Do you think the more established Alt-coins will recover faster than BTC. Lots of people are going to find lots of info on Alt coins and will come to see the flaws of BTC in comparison. I'm specially interested in NEO and Monaco. They both have held up pretty well and almost stabilized after the initial fall. Bytom, Hshare both went down way too much. I'm not buying yet. But I'm watching like a hawk? Things can't stay undervalued too long.
Seems to me that LTC and ETC might bottom ahead of BTC.
I saw the post. Thanks!
Will this help Monaco resume its bull run? It held pretty nicely compared to other bears.