BTC emergency update 19.01.2020

in #btc • 5 years ago (edited)

I think we hit a significant high @ 9187$. The counts are now battling if it is red wave B or orange wave 1.

We will now see either a strong red wave C down or a corrective pattern down.

Good news is that we will know which one it is before the pattern is complete, so we can act accordingly before the action starts.

Wave C MUST consist of 5 waves down (impulse or ending diagonal). If we don't see 5 waves down, then it cannot be wave c. It is that simple...

LpSzL1yO.png

This is how I predicted the bearish count:

UXfWQzto - Kopie.png
1PFXeEl6.png

This is how I predicted the bullish count:

NS6CwjGb.png
R1JIoPIO.png

Other counts that are immediately bullish (nested 1, 2 1, 2 1, 2 for example) are possible, but unlikely at this point:

kMxM4OAF.png

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If you think this to be useful information:
DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
image (5).png
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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legal3.png
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Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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5 years ago in #btc by
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     5 years ago 

    Thanks for the update. This was my thought as well, and I placed buy orders just below $6k. Got out at $8850 Which seemed a little early because it broke $9k. Keep the updates coming and thank you for all your work.

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       5 years ago 

      👍. I will do an update if something changes or a count is invalidated.

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       5 years ago 

      On the money, I think we’ll see 5500-6100 like your chart here!

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         5 years ago 

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