SEC recently declared that ETH would not be classified as security. This led to a fomo rally and finished the ABC correction from my previous idea.
Interestingly, we only retraced to around 0.382 levels giving this high probability chance this is just a wave 4 and we might have another wave down to around 5700 before we a strong bounce.
On the 1hr chart, oscillators are starting to show signs of bearish div indicating this move up is exhausted now and may start rolling over soon.
I will be adding shorts from here and add more if its goes up higher.
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And we a have break out.
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BTC dropping as expected. I see it a bounce at 5700
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BTC update - still going to sub 6k levels
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BTC might be forming an ending C wave diagonal here. It can make push upwards to around 6640 to clear out the stops before moving down.
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Bitfinex has abnormal wick that was messing up with the counts. This is a chart from binance we are making the C wave now. I expect it to reach around 6800-900 then to my target around 5700
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Gonna be laddering my shorts from 6800-900 region target is still the same around 5700
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BTC hit 6850 and now we are going down.
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Nothing much to really update here. We are running sideways for past 10 days. I expect an explosive breakout to the downside.
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And we have a breakdown
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BTC taking a real beating here. Wave 1 of 5 complete. Should see a bounce to around 6400-500
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This count is more accurate according to me. High probability for a bounce is 5600-700.
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BTC complete subwave 4 of 5 and now we are making the last and final subwave before bouncing. I expect it to reach around 5700.
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Its forming a W4 contracting triangle. Expecting 1 more wave down then bounce. Bearish div also present
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It turned out be a normal ABC correction. Now wave 5 begins
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