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RE: Bitcoin (BTC) Morning Update: A Bounce Expected

in #bitcoin6 years ago (edited)

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Update of my count on Overall Marketcap; similar story to BTC either the bottom is in or we're working on the terminal wave 4. Volume has been declining; but is just starting to pick up - is this THE bounce?

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It's bad bro... ! ^^

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edit. lol... the forcast not your count....

There's a potential we're still on 'A' but it's more likely that we're finishing 'C'. The H&S pattern broke neck line and has dipped about equal length to the top of the head (pattern completion confirmation).

you are right. a triangle can also be the B wave of a correction. But Haejin's leading diagonal for BTC says a diffrent story. H&S even if it's complete has allready changed the trend. So we need something to change the trend now back to bullish.

also :
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Since ICO's took off at the end of 2017 and crypto has gone mainstream perhaps we're in a slightly different boat this go round.