well…. I confess I had a moment of “panic” yessterday when I saw BITCOIN rising up a little but the doubt was obviously temporary because what we see now is a perfect “fit” of BITCOIN and my proposed EW Count.
The formation is clear, 3-3-5 Flat correction.
There are at least two possibilities:
- BTC has touched support already at 9400 USD
- BTC will touch support at least at 8800 USD which is the projected target of the HS pattern
One of my buying orders have been filled already at 9400 USD… the second is waiting for a further oversold condition at the RSI indicator.
Just one comment more…I think the correction is done but, as usual, no one can be 100% sure… so, do your own research and proper assessment before taking any decision but… in my opinion we are going UP soon!!!!!
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.