BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The long setup we played ended with winning trades for the 2 applied Stop-Loss trailing methods, we caught a nice break-out setup. (see link below)
As the bigger red ii-iv-line broke and a 5th wave is not viable with counting the iii as i due to the occuring i-iv overlap we had to change the Count a little bit and come up with something different:
One pattern is known and allowed to build new lows with a ii-iv-line break, the equivalent of an impulse C...we are talking EDT (blue labelled scenario), like shown in the screenshot chart of the recent long...
https://www.tradingview.com/x/7EI2ICmE/

This EDT is allowed, though called for very early in the sceanrio besides the now also labelled (a)(b)(c) of C and the braking of the "make or break 0-b/ii-iv line having given us a new (b) wave top...

The Bulls eye view counts has seen the low and is building up momentum in a i-ii-i-ii scenario like labelled here in yellow and purple.

We are awaiting the passing or achieving of an intime down here to collect more hints for the future development...and remain sideline at least for now...buying into BTC for these prices to hodl is allowed and could be advised by Crypto-Men anyway...


well then, while writing this ...the intime is achieved...so at least the trend down is reestablished by this and we have seen a round top turnover after almost immediately after taking out the make-or-break-line...

This intime takes the Bull-Scenario almost completely off the table ....the (a)(b)(c) of C scenario labelled black becomes more probable, ..the EDT as the equivalent to a 5 wave impulse wave is also still in play( blue labelling)... If, due to the different market-maker-X-Change prices, and their results in the charts, the rule of i-iv overlap is handled less strictly then even the classical v' of v of C comes into play again by this intime down...

The turnover and down momentum showing by intime down makes the direct bull option i-ii-i-ii become less probable ...
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