Well, I don't believe in "mystery buyers" but in waves. But to be honest here, the count I am proposing to you now as my primary was not really probable 24 hours ago. In fact, it was so improbable, that I did not even consider it.

But now we are here:

click to enlarge

I only see two possible counts now. One is bullish and one is bearish.

But the bearish one has a horrible look to it, so I am changing my bias from neutral to bullish. It really looks horrible which reduces the probability of the bearish count.

I think I might have missed the best buying opportunity already. Only those who bought the recent lows in the last 4 months are already long BTC. Most crypto enthusiasts likely did not add to their positions yet...

Of course, there will be corrections, but the best chance might be over already. I am so happy now that I bought cheap STEEM for 30 cents each :D

UPDATE: Wanna know what happened? The downtrend is broken (white line)

The minimum target of this inverse Head and Shoulders pattern was already reached.

According to zerohedge the move was likely triggered by an algorithmic order worth about $100 million spread across major exchanges. "There has been a single order that has been algorithmically-managed across these three venues, of around 20,000 BTC,” he said. “If you look at the volumes on each of those three exchanges – there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour”.

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.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

#bitcoin #btc #crypto #cryptocurrency #cryptocurrencies #steem #sbd #ethereum #eth #ripple #xrp #bitcoincash #bch #eos #litecoin #ltc #stellar #lumen #xlm #digibyte #dgb #cardano #ada #iota #tether #neo #tron #trx #omg #verge #xvg #bitshares #bts #nano #monero #xmr #dash #ethereumclassic #nem #binance #binancecoin #vechain #tezos #omisego #steemit #money #life #altcoin #altcoins #trading #investing #investment #investments #forex #forextrading #market #finance #gold #silver #commodity #commodities #stock #stocktrading #stockmarket #facebook #fb #apple #aapl #spx #xau #xag #usdjpy #usd #amazon #amzn