Quick BTC update 27.01.2020

in btc •  5 months ago  (edited)

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.

wumbEY51.png
wC6at1di.png
R1JIoPIO.png
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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)

3teCTPi1.png

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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Next update soon :-)

It looks like we are overdue for a bigger correction, but we see no signs of that yet.

Thanks for sharing. Resteemed :-)

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