BTC update 08.11.2019

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(Edited)

Now that it is clear that BTC is not in a wave 4 triangle, it is much more likely that wave 1 is done, and this is yet another wave 2 correction.

You may not know what that means. It means that the more nested 1-2, 1-2, 1-2 waves we see, the higher bitcoin is going to go in the end.

This is what it looks like in the chart:

Bitcoin BTC_USD.png
Bitcoin BTC_USD.png
Bitcoin BTC_USD(2).png

Don't look at the price depicted in the second pic (it's a logarithmic chart), it is just to illustrate wave structure.

BTC may end up in a much lower "upper price range", but with the same wave structure...

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If you think this to be useful information:
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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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4 comments
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BTC is expected to bounce off a low in the 8530-8250 range soon!

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