BTC update 24.05.18
I think the correction is done. We may see one lower low, but I am seeing three bullish patterns in the same wave which is rare.
A popgun, a bullwick and a "M" formation which might actually also be a "bullish butterfly pattern" on the 5min chart.
I also think this an extended 5th. All this turns me bullish for BTC and altcoins.
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okay, what happens to the other count you have posted, the one where the correction goes to 6800$. Is it invalidated ?
No, but it is not my primary count anymore. Keep it in mind as an unlikely alternate.
Oh, okay. Thank you
It seems more likely than anything. We may see a slight dip below 7000. 6900-6800.
Them 4h candles at the bottom... so sexy! But beware, lots of manipulation... I'm still very confident though, just like you. We may witness the first "pops" of the upcoming and long awaited fireworks.
Thank you for your posts as always, it is always a pleasure to read from you.
right now, on bitcoin's daily chart, today's candle looks absolutely beautiful. The tussle between buyers and sellers could not have been displayed more clearly.
Thanks for the analysis. very helpful.
I hadn't looked at the daily chart until I read this, but when I saw today's candle it was exactly what I was expecting based on your comment. Nice observation.
thanks a lot for the kind comments.
We will see 5K before year end. We don’t go to new highs until we bottom!
We may, but what TA do you have to support this?
Just looking at the chart it’s obvious it’s breaking down. We keep having lower highs after every dip since dec.
That said charts don’t always tell the story
But there is zero bullish in the TA
very possible as sentiment is low. 5k seems like it would be the ideal spot for re-start of a bull market. we came off 7200 area which was the .786 fib, we drop below that then ur prob right.
hi @ew-and-patterns nice post
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I still do not understand about the journals that you post, maybe I will learn more with the inspiration of what you share.
Where's the popgun? One Hour chart?
2hour chart, 1 hour as well
Super 👍🏻
Ciekawa teoria.
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