Quick BTC update 02.02.2020

in btc •  2 months ago 

What is 0202 backwards? You guessed it... It is 2020.

I had to make a post on this weird looking date...

BTC is also showing some weird price action. I have too many valid counts at the moment (that sucks), but after checking wavelengths and the right look, this is my favorite count at the moment:

XUKpVv1O.png

It basically says that now BTC can form any corrective pattern downwards, except a triangle. And after that it's very bullish.

I have another tranche of investment capital ready to deploy at a moments notice and I am watching the pattern very carefully.

Waves 2 can be very deep, but at this point, it looks more like we will see a shallow wave 2.

But be warned, I also have a count which expects higher prices immediately, without a correction first... so the situation is quite unclear.

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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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Boring before the storm? Luckily the halving is not far away anymore.

The correction could be done as WXY now. But it could also be only wave A as depicted above.

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Always enjoy your analysis @ew-and-patterns.

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Thanks :-)

Agree with you on this scenario and also regarding the weird price action these days.

Thank you. A clear resteem.