As we are waiting for the resolution in our main market (ETH), the author thought: why not to post about the “rival” (even though we repeat again and again it’s not really a rival) Bitcoin?
At the moment of writing it is indeed very interesting situation:
We had a very strong drop, which can easily be marked as a 5 waves decline (we mark it for now as “A or 1”). Then there was a nicely and completely formed a-b-c correction.
Sooo. What could happen next?
The author would say, that if the red rising trend-line will get broken, the drop down should accelerate.
Let us make a fresh glass of green smoothie, sit back and observe.
Ah, and if there is question, flowing somewhere inside your mind: does it have any consequences for ETHBTC? The answer is like “oh, yes, that drop will change quite something”.
Still, don’t forget, our main count is that we are in the 5-th wave for ETHBTC, as discussed in our last post.
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