Quick BTC update 27.01.2020
Because of the "threewaveish" look of this pattern, I am expecting a bigger correction now.
This implies a new target of 7800-7600 for the red wave C drop.
But keep in mind there is always one or more alternate counts. In this case, an immediately bullish alternate looks like this (yellow wave 5 of orange wave 1)
If you think this to be useful information:
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.
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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Thanks for sharing. Resteemed :-)
Next update soon :-)
It looks like we are overdue for a bigger correction, but we see no signs of that yet.
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