BTC emergeny update 04.08.18

in btc •  last month

Don't panic. If this alternate count is true, this is an expected panic sell, but there is no need for panic at all. At least not yet.

My primary count will be invalidated @ 6790 though. But this count will not be invalidated until 5777 breaks.

btcrash.JPG

If it bounces @ 6825, 6666 or 6400 (or somewhere in the middle of that), then white wave 1 and 2 are already in! This panic sell fits the character of a wave 2 correction, fast and deep.

The next levels to watch for a big bounce are 6825, 6666 and 6400... If this is indeed already white wave 2, then white wave 3 is next! Target at least 10800, but potentially much higher.

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Last dip of the year 2018 at this price

So until $6790 is breached, your preferred count remains the one in the following post?

https://steemit.com/btc/@ew-and-patterns/btc-update-03-08-18

But if $6790 is breached this would become your preferred count, correct?

I was thinking the same, that your last 3 count, was a 5 wave count.
Saying that, if the pulls come back soon and with some strength, this days are the best time to buy steem at 1,10-1,15, or you think it still can come down to 1?

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94 cents are still possible. Buying under 1$ has proven to always be a good buy in the past. I bought my majority of STEEM between 1.3$ and 1.6$ and only got some under 1$.

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