Like I mentioned in the video, we suspect that the whole pump of the last days resembles a wave (b) and I explained that an expanded flat or running flat might be the most likely patterns to unfold in bitcoin. For everyone who wants to learn more about corrective patterns, the following website provides helpful information in chapter 5.
Note: This isn't an advertisement and i don't have any business relations with the creators of this website.
@cristianliviu2003, We are currently working on a paid plan, which would include Bitcoin/Ethereum and all of our altcoins. The whole package would be updated in a predetermined schedule and regular tradings setups will be sent out to subscribers.
Hope this helps, we will announce further details by end of this month.
trading219219
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@Mendenmein-Capital, alright it sounds good. I will await for the paid plan updates, I will be one of the first subscribers to it !
Mendenmein-Capital
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@cristianliviu2003, Lovely to hear.
Messages like this give me and my team the strength to go on even in difficult times.
trading219219
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@Mendenmein-Capital, this is truly understandable to give you guys a strength to continue. I think in difficult times we need to work with the best people around !
peterbhc
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I am having a difficulty with the B WAVE as it retraced above the 0.786 - so I am waiting to see if this pull back is a sub wave ii of larger 3 or if it is in fact a C
Mendenmein-Capital
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@peterbhc, As of now bitcoin still has a reasonable chance to activate the bullish wave (iii) scenario, but as long as we trade below 27'411 the wave (c) scenario remains as the more likely one to play out.
Maybe the following days give us more clues about the pattern, personally I would be thrilled for the wave (iii) scenario, but we have to watch both scenarios.
satiev1
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@Mendenmein-Capital@Mendenmein-Capital if btc goes to 35-40k would that invalidate the whole count? This is looking like 2019 where btc tops mid year and then retests lows end of year
Mendenmein-Capital
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@satiev1, Just like I said in the video, we are always counting MULTIPLE scenarios in our covered assets.
Bitcoin could expand above the marked 1.386 extension at 27'411$ and our bullish wave (iii) scenario would get activated. We are well positioned for both scenarios and will continue to expand our holdings in the altcoin market.
I am going to discuss our trading system more detailed in the next bitcoin/ethereum update.