All right, folks!
Here comes the update on the BTCUSD chart.
3 day ago I have posted the sketch for the A-B-C correction or the wave 2:
Here is the picture now (unedited, we the same A-B-C wave):
The markers are edited and the minute waves added:
I expect the one more impulse aimed the $8 000 level.
If my primary count is correct and we are now in the wave 2 of the intermediate level, the 3-rd wave should be strong and it will finally break the downtrend corridor:
The alternative is that the major correction in not a simple A-B-C ZigZag, but the Double ZZ:
That will be the case if $8 000 will not work out as a resistance and current intermediate wave pattern will be an impulse (wave A), but not the A-B-C (wave 2).
Coming back you soon,
Stay tuned!
Yup, i am aiming to the 0.5fib (8800 area) for the right shoulder of really big inverse head and shoulder pattern, could be a nice reversal point.
https://steemit.com/bitcoin/@cryptosludge/btc-what-now-24-2-18
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