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RE: Bitcoin (BTC) Evening Update: MACD Triggers a BUY Signal!!
The resistances are valid, but not your wave counting; wave 4 cannot overlap wave 1, except in strongly leveraged markets, and to a acceptable point. This occurs within your chart between (D) and (E). Why and how to label it then? Compare your labelling with Haejin's ;)
The chart has been playing correctly for about two weeks now. No invalidation so far.. seems like 5 waves down is a must.