BTC update 02.01.2020

in #btc • 5 years ago (edited)

The new year starts with a bang called wave C.

If this is correctly identified as wave 2, we will see the beginning of a new impulse wave within the next 48h.

1PFXeEl6.png

The bearish alternate count looks like this and expects an ending diagonal in wave C of Z of 2 to end the bearmarket:

kaadgW2P.png

I don't care which of the two it actually turns out to be. Both are fine because upward movement is expected to start at the end of January at the latest.

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If you think this to be useful information:
DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
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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.
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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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5 years ago in #btc by
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    • [-]
     5 years ago 

    How low do you expect the price to hit before it rises? And at what price would you consider both patterns to be invalidated? Thanks

    [-]
     5 years ago (edited)

    The first pattern is invalid below 6400 and the second one below 3130(but I would consider another count below 5000 because of disproportion).
    6850 could be the low now or it could drop once more but I don't think it would drop below 5900.
    And the bull market will be immediately in full force above 7530 because it invalidates the ending diagonal.

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     5 years ago 

    Cool. Thanks mate.

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      [-]
       5 years ago 

      @ew-and-patterns, At the end of the day we need Upward Moving Trend. So let's hope for the best.

      Wishing you successful and blessed Year 2020. Stay blessed.

      Posted using Partiko Android

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        [-]
         5 years ago 

        Thanks, man. Same to you.

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        [-]
         5 years ago 

        Welcome and thank you so much. 🙂

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           5 years ago 

          Congratulations @ew-and-patterns! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

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