BTC update 03.09.2019
The BTC pathway is now very clear.
The pattern is a standard pattern and it is about to be done.
So don't be fooled the next BTC drop is right around the corner. Just a few more hours/days until I will buy my last two tranches of cheap BTC to HODL at least for 2 years.
I prepared this yesterday already, but I could not post:
The expected range in which I will buy is now 8700-6700.
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If you think this to be useful information:
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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Have a nice day :-)
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Thanks for the update.
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hey, thanks for your last input. I just have another question. In case the first scenario happens (price takes off at C), then how is this pattern not a descending triangle. I know you said it can't occur in a 2nd wave, but to me it looks indistinguishable from a triangle- it even follows the abc zigzag perfectly. thanks :)
It could still become a descending triangle if the price of BTC does not go below W (W would then be wave a of the triangle).
But a wave 4 is very unlikely so I am not even considering the triangle as I am expecting wave 2 correction.
It is already going on for 3 months and fits perfectly with a 50% correction of wave 2. As already mentioned the difference in price and time between waves 2 and 4 makes this very unlikely a wave 4.
As an Elliottician you should always consider the highly probable counts first and only go to unlikely ones if necessary. This way you are correct a lot more often which is what you and your followers want.
great, thanks for the input!
I am also looking at how volumes will also point to the new trend!
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Hallo
ich glaube nicht das es jetzt eine gute Zeit zum Verkaufen ist
Hello
I do not think it's a good time to sell now
//1,2,3, gute Laune //
Nice one! I 100% agree. This has been my main count for a while now.
Cheers!
You don't post and you don't have stake.
I am curious, are you on steemit just for the crypto info provided by bloggers? That would be a rare kind of steemian.