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RE: BTC Morning Update: Head & Shoulders Spotted!!

in #bitcoin7 years ago (edited)

Primary count yesterday was a ABC correction (still a possibility as we can be in the wave 4/5); today he just pointed out a H&S pattern (not nullifying the ABC correction). And on top of that he provided a third, ABCDE triangle which also lands in the same 7,800-8000 Support level.

So yes you are missing quite a bit.
As the day progresses we will see if the pathway goes the H&S/ABCDE route, OR the ABC 5,3,5 zigzag.

Just because he brought up an alternate count doesn't mean he's washed away the primary. And in both scenarios we're looking at a 8000 range in the next few days .

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Oh thank you for clarifying. What you've explained is a lot more clear that Haejin's latest video. I was going mainly on his video, he didn't mention the ABCDE triangle downwards in that. So you think he's saying downward triangle back down to 8k more probable after 14k?

You may have figured out by now that TA often follow confirmation bias, almost astrologically at times. ;)