Finally BTC is giving us a hint. What do I mean by that? We are seeing a triangle within a triangle in my opinion. Why is that important?
According to EW Theory a triangle within a triangle can ONLY EVER occur in wave E of the bigger triangle.
There are two ways this can be counted, a bullish count and a bearish count:
The problem is, that the bullcount is very very close to its invalidation point... So I am favoring the bearcount. If 6396 is broken, I expect the capitulation phase to begin, meaning 4200-3000 at least...
It also means we are very likely to see sudden big movements in BTC starting this week.
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Welcome back.
I’m very curious which way we will go.
Could go either way.
Thanks for the update!
Yep, even if the swing is down (which I tend to think it will be), at least it will wake it out of its slumber and allow it to move back up, hopefully faster and further!
Thanks for the update, this correction is being going almost the whole year - cant wait to see some green!!
Looks like breakdown is in progress? Hoping we can finally bottom..
Yes it is. I think it has started.
Looks like breakdown is
In progress? Hoping we can
Finally bottom..
- cryptocrypto18
I'm a bot. I detect haiku.
Down to about 5k?