Bitcoin (BTC) Evening Update: Two Scenarios but Same Destination

in #bitcoin7 years ago

SUMMARY

The minor correction is still in progress and I believe it'll be the ABC kind and not a complex type. I don't think there will be an alternation of corrective type between waves 2 and 4. The below chart shows that potential abc (red) correction before resuming towards the 5th wave.

From zoomed out picture, the abc (red) fits pretty well; though a bit steep and short in time.

The alternate shows that the current decline today could be the red A wave and the B and C are yet to come; as shown in below chart. It only means that more time will be taken by the correction; but the destination is the same.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Once we are above 10k, sentiment is going to change. People will want to get into the game again.

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Here is the analysis for Electra (ECA); please use only to augment your due diligence. I truly hope you find this helpful.
https://steemit.com/electra/@haejin/electra-eca-simple-beginnings-to-super-endings

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Bitcoin will do to the banks what the email did to the postal industry. We have decided to put our money and our faith in a mathematical structure that is free of human or political errors.

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