BITCOIN: an important moment…

BITCOIN: an important moment…
December 25 11:50 2018 Print This Article

Christmas eve has brought us an important move downwards which has formed a long 3rs wave down…

Counting waves seems BTC has found some support at 3730 USD and apparently is drawing a 4th wave up…

This for sure it is not the end of the correction because on a A-B-C correcting cycle we should need to see the end of the 5th wave down and the start of the “B” leg upwards…

Also the EMA50, that was holding BTC lately, has been crossed confirming the possibility of shorts.

The most likely count now seems to follow again the typical 5-3-5 Zig-Zag correction so, now is ending the first 5 wave down, followed by 3 short waves up and “landing” again with 5 waves down… at the end of which and if we are out of the Bears Danger, BITCOIN would start the new Bull cycle upwards…which would confirm the Reversal.

All in all, we are at a very important moment on which keeping a Higher Low is crucial for the Market’s sake.

Take care.

@toofasteddie


*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.


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Too Fast Eddie
Too Fast Eddie

Superconducting Engineer working for the development of the Fusion Energy, Dad, Crypto-Enthusiast and Runner addicted. I am in a "Continuous Learning Mode" as well I am always willing to share my knowledge about the fields and topics related with trading, Cryptocurrencies, Blockchain technologies and Sports, in particular Running and Athletics.

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