BTC update 16.07.2019

in #btc5 years ago (edited)

The BTC count just changed a little. It is now very likely a regular flat pattern (3-3-5) which will deepen the correction a little.

The targetzone (between major fib targets) is 9500$-8600$ for this ABC (flat) pattern. If we see an extreme wave 5 of C, 7500$ would be possible, but I think that this is unlikely, because of the way this pattern developed.

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If BTC hits 8700$ or below, it could be WAVE 2! I would totally HATE to see that so early, because I want a few more months to accumulate more funds to buy BTC and STEEM... a lot of it.... I don't want to have to buy more in just a few days or weeks.

Both other counts posted yesterday seem unlikely now (below 10% probability).

While I was writing this, BTC already dropped another 300$... -_-

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bitcoin is dumping and pumping a new way for whales to accumulate

Perhaps almost the end of wave 2 now, thoughts?

Yes, it could be completed already, but there is still a chance for an extended 5th.
I will wait it out. Not buying more BTC until after wave 1 and 2 upwards.

I too very much hope we go sideways for a few months here. Will let alts recover and open a killer buying window for btc.

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