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RE: Bitcoin (BTC) Morning Update: Triple Decker Inverted Head & Shoulders

in #bitcoin7 years ago

Great analyses.
can you please say if EOS/BTC looks like Cup and handle? or what is going on with EOS/BTC it keeps on dropping slowly and with low volume
cup and handle eos.jpg

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Wave C must be lower than A

So you think C will have same value as B or should it go below it?

I think there its time to think about the entire market cap.

It stagnates at about 500M.

Which means, the raise of BTC price is a converting from altcoins to BTC.

Thats why BTC pairs fall constantly

Breakout needed on usd

does iii look impulsive or overlapping? Consider wxyxz?

:) Needed, but accomplished, so now $10 is the next stop according to your analyses, then 9.6 and then higher. hmm

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Thank you very much, VERY good chart. I see 4.618 happens frequently with EOS

The broadening pattern well applies!

Yes, but do you think the handle coincides with wave 2 or 4? It makes a big difference on depth of retracement.