BTC update 03.08.18

in btc •  3 months ago

UPDATE 04.08.18: 6790 may not be crossed for this count to be valid. But there is also another bullish count... If it bounces @ 6825, 6666 or 6400, then white wave 1 and 2 are already in! Yes, this is panic mode right now (this fits the character of a wave 2), but there is no need for panic at all. At least not yet.

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.

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Blue wave 4 will likely come to an end soon. It either is done already or one more low is going to show up.

Blue wave 2 hit a standard correction target and blue wave 4 hit one as well. We also have good alternation in the waves, because wave 2 is an expanding flat and wave 4 is a ZigZag. I don't think there is much to argue with this count.

Now all we need to see is at least 8500+1 for blue wave 5. If it happens BTC has likely seen at least a midterm low, which might develop into a longterm low in 2019.

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I think we will see the price going up in tbe next few days

Btc will goes up incoming days. Hope steem will also go high.

Not sure this count is supported anymore by current BTC price action...?

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Read my little update. Everything is still fine. But this crash gets me thinking that we are already in white wave 2! Targets like shown above.

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Excellent and yes that makes more sense!