BTC update 12.07.18
What the bears are seeing:
What the bulls are seeing:
It all depends on the next move up. It looks like a 50/50 situation, but the bulls have a slight advantage on this one, because the 5 waves down ended at the .618 retracement (wave 2 target) and created a bull wick, which is exactly what the bulls wanted to see... Stay tuned...
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You are saying everything gets decided with the next move up - the target of 6'500 seems to be the same in both scenarios. What are the signals you are looking for? Does the bull move requires a move up to 6'500 in one wave?
Yes. Bullsceanrio 5 waves up forming bigger wave 1 (5-3-5-3-5)
Bearscenario 3 waves up (5-3-5 or 3-3-5)
Target 6'500 is approx. the same in both scenarios.
I hope we will see it cover up soon
Your analysis if too diffrent. I appreciate you. Thanks sir.
Definitely it all depends upon the next move..hope for good.will be good.bulls are right or bear it will be shown after some time.
That's indeed a real 50/50 with a lot of uncertainty: RSI shows oversold, but volumes are inexistant. MACD shows lower highs, and so on...
I believe in inverted H&S and a grow at least until 8k. Cheers
I’m fully bullish!!
Let’s build that iHS!!!!
thank you!
Thanks again for the update.
I just keep thinking it’s going to take more time before we have a bull market again.
Maybe several months perhaps..
@ew-and-patterns
I have a slight suggestion: instead of updating an existing post, would you consider making a new one even if it is very short and you link back to the one you are updating? I ask this because it is very easy to miss the updates. As a follower I get your posts in my feed, but there is no notification if you update it. Just a thought. I found this update 14.07.2018 by fluke because I happened to think about rechecking your analysis.
Thanks
Okay, I can do that. Thanks for the suggestion.