Doing an update on this analysis. We can see it followed the blue line to the point here, even the exact high :). So today it made a nice drop as well but i don't think it's over yet. This drop today, will probably be in the shape of 5 waves. With the current correction being wave 4 and then seeing one more, smaller drop . The last drop has to be smaller, otherwise the bullish view i have for the market coming weeks will get in a lot of danger.

On the left we can also see it's still following the "healthy" correction version, which is very good for the mid-term of this market. For more info, i suggest to read the previous analysis as well.

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Nailed perfectly. What do you perceive as the next move?
I've shorted alts some days ago, looking for bigger correction but not sure what will be next step of BTC. It doesnt want to drop much ( i also thought 4,8 should be minimum correction) so bullish view is day by day more possible, however last time btc rised up alts kind of crushed (maybe pairing to alt/usd price idk). Gonna wait some days more but i think the best option now is sit and watch the resistance and support lines, what you think?
That's a really interesting view on the subject. I agree cryptos in general look more positive than BTC.
I've compared BTC's recovery with a few other coins here - it's clear that some are looking much stronger than BTC.

I wish someday I can become as good as you!
Thanks :)
botje11 LuanCeli
@LuanCeli, thank you, nice compliment :) I learned by far the most from doing homework, my own research. But in my days we didn’t have things like TV. If your serious, look back at every word i have written here, up until the comment sections even. Write down the good things but also the mistakes I have made. I can guarantee you, it will improve your game. I don’t always give away my own patterns away clearly, but I have done it many times somewhere in the history
+2 Reply
On the left chart you have things ending around April 28-29. On the right chart you have things ending April 17. What gives ?
botje11 Martens58
@Martens58, What do you think would be the one to follow for the time frame?
@botje11, I think I might understand what your chart means. The April 17 is an A-B-C within the larger A-B-C of the April 28-29. Sorry for the confusion.
thanks again botje *gives bro hug
botje11 hamie101
@hamie101, Your welcome :)
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