SUMMARY
LEND/BTC completed a classic five wave impulse up with the 5th wave extended. What does this mean? Whenever, wave 5 is extended, you turn and take your profits and don't walk but run! The next bull run up could and most likely will be the same with a near vertical rise and an extended 5th. The subsequent correction has thus far been quite deep.
The WXYXZ seems nearly donw. While price can have further and extended sideways action; the subwaves show that the final Z wave's subwaves red ABC are nearly placed. The five waves of red wave C has well initiated with waves 1 and 2 complete. The remaining 3,4,5 are expected to generate a lower low but probably not in a crash scenario. The decline is likely to continue in a methodical and incremental steps.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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"Long-Term Bitcoin Support BREACHED and Being Tested as Resistance!": https://steemit.com/bitcoin/@investingtips/long-term-bitcoin-support-breached-and-being-tested-as-resistance
I don't see it plunging so low as you predict! Vica versa it will break to upside from my point of view:
Lend is going up up up up
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LOL
Follow and vote me @wisa6211
Follow and vote me @wisa6211 and @hendrasc
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I am patiently waiting for this bull run. Have been waiting for long now but I think it's close now.
we are only seeing correction and not boom I am simply waiting for the day
the decline of many coins today may be negative for investors and the increase in the declines will continue for the coming days. Coins may be affected at some summit meetings.
Thank you. I'm a new user. I read all your articles. For me, it's all new and interesting. Thanks for the support .
i am waiting when grow up value of all the coins
Thank you for giving your worth Information.
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