BITCOIN: This is the EW count on play…

BITCOIN: This is the EW count on play…
January 20 17:34 2019 Print This Article

I have to make reference here to my post published on January 15th, called “BITCOIN: Current Possibilities”.

There, I planned two scenarios, depending if the 5th wave was already completed or not…

Well, what it seems now is that the previous 4th wave formation has lasted 5 days to complete and what we are seeing right now is the final 5th wave down…as an extended wave.

The target support 1 has been crossed by the price, reaching resistance at the same level of wave (3) and creating a double bottom which is a good sign of recovery but, the (5)th wave down needs one last move downwards, so, using FIBO levels I feel that 4425 USD can be a good “entry” or ground from which BITCOIN can start another cycle upwards…

@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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