Bitcoin update 22.feb.18, turning up again here? 📈
Bitcoin dropped overnight just below, and is now $50 below my target of the circled corrective wave A.
Subwaves in the correction went a little different from yesterdays chart and is an 3 wave ABC. For the red ABCDE to unfold we must have 3 waves up to reach circled B.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
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Wave A should be 5 waves (5-3-5) as far as I know.
Exactly my thoughts too, and I think it actually is when looking at the 4 hour chart, but those small spikes invalidate it as is now. A wave to $10,600 now and down to $9,950 would make my day, as it would be very symmetric to the 26. January bottom.
If this IS an ABC correction I see us going to $9,800 soon.
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