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RE: Bitcoin Technical Analysis: BREAKOUT...NOW WHAT?

in #cryptocurrency6 years ago (edited)

Yeah...I pointed that out in the video. I can carve out an ABC on lower timeframes, but it's messy. If this is a B, then presumedly the C would very likely drop below the start of wave 1...unless it's a VERY shortened C. If that happens, I'd invalidate the big picture count and things get interesting. Likely turns it into a WXYXZ...and likely sets new 2018 lows.
Until price breaks above $6,750, I remain very skeptical that we’ve seen bottom.