UPDATE: It now looks like WXYX2Z, because the target is lower than 5920:
UPDATE 2: MtGox not selling any BTC anymore^^. News arrive to justify???...
BTC turned bearish which I expected in my last post. The ABC pattern is finished.
Today I want to show you the best case scenario. In the best case scenario, this is the last wave down:
There are a few worse counts than this one, but there is hope for the bulls...
If the drop ends above 5920, it might still be wave 1 and 2 on a bigger scale. If it drops below 5920, the next best alternate would be WXYX2Z.
Let's follow the waves and be patient... stay tuned...
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.
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
#crypto #cryptocurrency #steem #sbd #bitcoin #btc #bch #eos #ethereum #eth #litecoin #ltc #ripple #xrp #stellar #xlm #nano #cardano #ada #vechain #digibyte #dgb #binance #tron #trx #iota #neo #xmr #dash #omg #verge #xvg #bitshares #bts #finance #money #investing