BITCOIN: Let's go and build that inverted Right Shoulder!!!!
- My plan 5 days ago (see the post BITCOIN: Small Head and Shoulder Pattern on going...
- The evolution 2 days ago (see this post BITCOIN: Hope we see this pattern in short )
Where are we now?
Exactly here:
- Struggling just below the 6200$ support, which I have to move downwards a little till 6180$.
- Nonetheless, seems an accurate plan...
Now we have to see if BITCOIN holds this support a little more and break up, forming a classical ABC correction and so the (ii) corrective wave of a 5-wave up cycle (in dark-green):
In this case, the iHS shoulder will be triggered once BITCOIN overpasses the 6630$ resistance.
...or, if the Bears keep persisting, a 5-3-5 Correction bringing BITCOIN even much lower:
The coming 2 or 3 days are crucial for the Coinmarket so, let's be patience and see what the market is finally deciding on
Enjoy Cryptoland!!!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted at TIMM
We can only wait, but I hope Bitcoin grows, because this last period also Steemit has a lot of problems.
Well spotted, I didn't see that one forming! Man I hope you're right! I'll certainly be watching the chart closely now for the possible development of that pattern...
For the moment seems to work well, isn't it?
Yeah. Though I dare not get my hopes up. Taking the time period into account, even if BTC does climb now, it may only be a short-term run.
@toofasteddie