RE: BTC update 18.12.2019

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(Edited)

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My count is somewhat similar, that is without the triangle, which is a very ugly one. I've put the red B on top of the orange c, making that a failed zigzag B wave; which is ugly too, I know. However, it does look very impulsive up now, which, of course, is promising. Massive support in the 6500$ range from several angles.



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(Edited)

Yeah but you can't make the C work when you do it like this. I tried that like 200 times :D
And the ugliness actually speaks for the triangle B. (If it's very ugly consider triangles or WXY combinations)

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That may be. Good points! Fortunately, in the end, it doesn't matter that much: just another stupid correction. Let's hope we're finally done with that.

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Exactly!
Because if this is some kind of bigger B wave, we will hit 5500 in a few weeks...

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Spot on here, maybe we hit somewhere between the price now and 8k then down to at least 5900, maybe 5500 then we bottom.

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