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RE: BTC update 11.02.18

in #btc7 years ago

Nice update, brother! Still a bit confused as to your take on the move up from the $5920.72 low. Is it bullishly impulsive, or bearishly corrective?

I've just posted my take on the said price action in terms of an "hourly chart." You can check it out at the link below, which also includes a Chart-Cast "video" update on all the latest goings on...

I look forward to your response and clarifications with regard to the above. Much love, brother!
https://steemit.com/btc/@passion-ground/btc-elliott-wave-price-targets-and-chart-patterns-plus-a-chart-cast-video-overview

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Your d wave (I call it wave 4 of C) does not look harmonic to me. That very short wave c of your d wave is why I am discarding this until proven to be correct.

I am not sure if it is an impulse or a correction. That is why I marked it ABC with the chance of relabeling it 1-2-3-4-5 if we see another move up after wave C. The other possibility that you pointed out already is, that wave 1 is already in @ your wave d level. This would mean that wave 2 follows.

I can't really say why, but my gut tells me this is going to be one of the bullish scenarios. I am staying neutral until confirmation. Thanks again for your video. Please keep it up at a pace you are comfortable with.

Thanks for clarifying that for me, friend. Thank you as well for the encouragement!