Ingemkts

BTC: 3rd scenario upgrade

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
138 3 7
If this is a WXYZ pattern then it can't exceed the lower price reached on april 26 (1320$). If it exceeds 1320$ then it is probable we are into the 2nd scenario or the 1st one

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oaksacorn
a year ago
Nice count. I do not think it takes out 1320. That said, the larger 2 is getting a bit long in the tooth.
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Ingemkts oaksacorn
a year ago
Anyway I think if BTC goes lower than 1170 it could make double bottom at 930's more or less, but if btc exceeds that bottom then BTC will likely cause panic and LTC could go higher because of FOMO :/ I just wonder about ETH behaviour... that coin chose the worst moment to enter in the market. :/
+1 Reply
Ingemkts
a year ago
Small mistake in the chart: the "a" below "x" has to be on the "5" (1975$). I forgot to put it there.
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