BITCOIN: The Moment of the Truth

by Too Fast Eddie | 10/01/2019 9:38 pm

Again, we are reaching the moment on which BEARS and BULLS fight among themselves, the first to keep dragging the market, the Second to reverse it…

Since Christmas I have been talking about this movement, a 5-3-5 Correction, also called Zig-Zag correction.

The movement has been performed exactly as expected, despite the time it has taken to get completed…

INVALIDATION OF THE COUNT:

First the bad scenario.

In the case that “C” becomes a long extended one (Extended Five), crossing lower than wave (i) (3200 USD), this count will become useless…

WHAT WILL HAPPEN IF THE COUNT IS CORRECT?

And now the hopeful scenario.

I expect, as also stated by @ew-and-patterns ,the start of a second sub-set of Bullish waves upwards, longer than the previous one, since they would be the start of a 3rd wave.

The projection Target levels would vary depending on the volume but, in my opinion, I would expect 5340 USD in case of a classical 3rd wave:

…or 6340 USD in case that 3rd wave is extended (i.e 2.618 times the height of wave 1)

Enjoy!

@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.

Source URL: https://mentormarket.io/toofasteddie/bitcoin-the-moment-of-the-truth/