Bullish continuation

Description
- Potential last wave down for a finished leading diagonal for a wave 1/A.
- breaking 0.886fib will increase this scenario.
- If so, looking at a CKB price below $0.018 before starting wave 2/B.

Comment:

Touched the .886 at $0.018542. Probabilities for this scenario increased.

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For the record, the fith wave of this ending diagonal could be truncated. A zigzag has potentially already been formed. A five wave impulsive to the upside could confirm this.

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Possible wave B

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Broke multiple trendlines (chart, RSI 1h). Waiting for confirmation for the low to be in. As mentioned, truncated 5th is a possibility.

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Updated chart.

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Just made a new low. I.m.o. looking at a complex structure (wave Y).

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Update on Bitcoin_v0.1. Next move bitcoin could give us much more information on its trajectory. Expect a wave C (5 waves).

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A potential low might have been formed. 1.618fib ext for a final wave C at $0.016883.

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Update on Bitcoin_v0.2. ABC turned into a 1-2-3-4-5.

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This could be the start of wave 1/B. Have wave 5 finished as a WXY (double zigzag) pattern. Feel free to comment or ask me anything.

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Take notion of 3 possible Bitcoin scenario's:
1) double zigzag for a potential wave 2 (bearish/bullish)
2) double zigzag for a potential wave Y (1.618fib at $57087) (bearish)
3) leading diagonal for a wave 1 (bullish/bearish)

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Update Bitcoin_v0.3. Finished wave 1? (RSI bullish divergence w5, 4h)

Comment:

At the moment CKB is looking pretty dire. Expectations for a leading diagonal turned sour. Current scenario a WXY pattern (double zigzag) with a potential X-connector being finished (3-wave sequence). 1.38fib cross would confirm this. The Y move hereafter could bring us all the way down to $0.008.

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Some simple trading perspective on the market.

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Reassessed the Bitcoin chart and this it is currently my best guess in terms of getting ew count right. Don't know if anybody else has this count, but feel free to comment.
X wave is done and we're in wave Y.