BTC update 09.10.18

Finally BTC is giving us a hint. What do I mean by that? We are seeing a triangle within a triangle in my opinion. Why is that important?

According to EW Theory a triangle within a triangle can ONLY EVER occur in wave E of the bigger triangle.

There are two ways this can be counted, a bullish count and a bearish count:

The problem is, that the bullcount is very very close to its invalidation point... So I am favoring the bearcount. If 6396 is broken, I expect the capitulation phase to begin, meaning 4200-3000 at least...

It also means we are very likely to see sudden big movements in BTC starting this week.

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