Hopefully everyone saw the earlier post about Bitcoin breaking support and made decisions accordingly.
The current chart does indicate that either bitcoin is at least completing a deeper wave 2 correction, which was an alternate count I had referenced:
However, we must also be aware that we could morph into a deeper WXY or even WXYXZ correction. The below chart shows what a deeper bitcoin correction looked like in 2013/2014, which was another deep wave 2 correction.
Looks similar to todays chart, no? I've circled in the above chart where we could be at a similar stage today. Still not my primary count, but time will tell.
Do I have a crystal ball to know exactly which one it will be? Of course not, no one does. But I'll be trading based on how the Bitcoin plays out...
Healthy trading and profitable investments,
The Freedom to Be
Legal Disclaimer: The information provided herein is for informational, or entertainment purposes only. I am not providing financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs, and only invest what you are willing to lose.
If you profit from this idea and would like to keep the charts coming, wallets are below:
BTC: 13mG7EsCBB3wK2pQnV4zXqXUXmnVtCbmS6
LTC: LTfKUD4g4zytwbLFsFCJyG6N55xu3mtZYJ
ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB
