BTC update 22.08.18
This alternate count could be in play now:
The best thing is, that it doesn't matter now if it is going to be 5 waves down or 3 waves down. With a slight adjustment this count works for 5 waves down as well.
But the target would probably be a bit lower for 5 waves down.
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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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I'm really curious to see which scenario will play out. I don't actually mind the bear market, but when things move sideways for a seeming eternity it's definitely a bit depressing! Seems like we've been stuck in the 6000s for ages.
To be honest, I'd rather see us fall to 4200 than continue sidewinding like this, but I'm still patient enough to just keep posting on Steemit and learning more about crypto in general.
That is the attitude I wish to see in more people! Thanks for the comment.
Yes we need a sharp fall to 4200 or even 3300 to clear the market of weak hands. This will bring new players and old sellers back into the market and provide a more sustainable and stronger rally.
For now it still looks like this could still be a valid 1-2 i-ii (the bullish count from your previous post). How likely or unlikely do you consider this to be?
Yes, this is still possible. But we are approaching 5 waves down (in this count wave a) This would need a really shallow wave c for not invalidating it.
Of course this way I like most! And it is coming true.
Seems this count could work...as well
Will see what happens
Good content boss carry on
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What happened to your count from a few months back showing btc hitting $4200 before the correction ends?
4200 is still the 100% extension target which is often hit in an ABC ZigZag (A=C). So it is my target for 5 waves down.
yeah..it is possible
voted
Hey EW, is there anyway to contact you directly (not regarding analysis)
Yes, steemit.chat but it is offline right now.
Yes, its been redirected to steem.chat - but you will need to change your DM chat from read-only
thanks for letting me know. No I was not redirected. So I didn't know they changed the domain. Now I can chat again.
What’s your thoughts on probable pathway currently, just hit 7100.