I kinda like what I see. I was hoping for an ABC pattern, but it makes sense that it maybe is not an ABC, because a lot of people are waiting and ready to get in right now.
This means that a WXY pattern which does not have such a low target as an ABC is very plausible.
At least we know now that it is very likely wave 2 which will make the HODLers like me smile in a few months.
I am now expecting only one more big leg down in this wave 2...
I ordered the pictures in descending probability (highest probability = first pic).
I have at least 3 more valid counts in mind, but they are very unlikely to happen at this point in time.
This is how I predicted it:
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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.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
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If this is going to be a panic selloff now in BTC, I am preparing to buy STEEM for 10 cents each.
Think your 2nd scenario imo is most probable & then the 4th one because it’s bit more complex and will fool more people which is what BTC likes to do..
also wish I sold my Steem ages ago, hate to say but think it’s a dead donkey.. Bitcoin and certain others I think will still see new all time highs but not this one..
Missed your updates of late. Thanks for sharing.
I will do a lot more updates in the future when BTC and STEEM are rising in value.
In my opinion, if I may, the last but one of your scenarios, which I share too, is the most likely one. Good post friend.
Posted using Partiko iOS
Why do you favor this one? It looks asymmetrical to me and also short in time for an appropriate end of this pattern.
Thanks for sharing. Posted on FB too. Resteemed :-)