My previously published chart called that a series of 1 & 2 waves had developed. Price looks like it is now dropping in third wave fashion. There's as slight adjustment to the count which makes this wave (3) of ((3)) of iii of (iii).
In the news: Bitcoin Miners Miss the First BIP 148 “Deadline” bitcoinmagazine.com/articles/bitcoin-miners-miss-first-bip-148-deadline/
but, price was already dropping... it's as if markets are irrational and driven by a "social mood" or "crowd psychology" rather than exogenous causes like the news ;)
In the news: Bitcoin Miners Miss the First BIP 148 “Deadline” bitcoinmagazine.com/articles/bitcoin-miners-miss-first-bip-148-deadline/
but, price was already dropping... it's as if markets are irrational and driven by a "social mood" or "crowd psychology" rather than exogenous causes like the news ;)
Note
The B triangle played out. This count is invalidated. Back to "Expecting more upside with Bitcoin"
Although the expectation is to get well into the 3000s I'm sitting on the sideline. I prefer not to hold bitcoin the next two weeks.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.