BTC morning update 16.05.18
Yesterdays counts are now invalidated by breaching 8285$. That's why I always give an invalidation point when possible. The bearflag pattern was dissolved like in a textbook example.
So here are two new counts:
Now, the further price action will depend on whether we will see 3 waves up or 5 waves up next. If we see 3 waves up, the correction cannot be done yet.
I see five waves down, so the current move down should end very soon:
If you think this to be useful information:
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Let’s hope so. Hopefully the launch of EOS in a couple of weeks will give the whole crypto space some good news!
It's great that you do these accounts. I just stumbled onto your account so I haven't had much time to look them over in depth but I've been looking for some kind of indepth analysis of crypto so I can get into the market with knowledge. So thank you for doing that.
really the market fluctuations are scary these days i lost 90 bucks yesterday