BTC update 01.10.2019
Right now BTC looks like it is stable, but my two preferred counts show me that we will likely see another drop soon. Possibly the final drop.
How will I know when the low is in? A nice impulse wave upwards right after the drop would be a good hint.
I am waiting for more price action before I will update the counts.
I expect the max pain for this drop to be 5900, but it could drop even lower without breaking a rule.
My focus is on this buying opportunity and I have two tranches of investment money left to use. Stay tuned...
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looks more likely to happen
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On a bigger picture it looks like we went from 20 to 3 in an A wave, to 14 in B wave and are going to 1k in c wave to me.
No. ^^
I tried many times to count it like this. It does not work unless you force-fit it.
3-14 would have to be ABC, but the C breaks an Elliott wave rule of wave-length...
THE LOW COULD BE IN! I have a count for that. I'll update you in the evening.
I still think that it is more likely that BTC drops lower, but it is not necessary anymore. C could have ended at 7712.
!BEER
for @ew-and-patterns
Command accepted!
View or trade
BEER.Hey @ew-and-patterns, here is a little bit of
BEERfor you. Enjoy it!Now watch BTC closely. I think a bull move is incoming. 8800 in wave C of 4 or wave 3 of a new impulse.
8500 - 8700 today and then drop!