BTC update

Following my last chart, and after some weeks, is possible the BTC correction (since january) is over in a double zig zag. Since the last lows appears BTC finished 5 waves up so at short term I expect some retracement (possible target is 7000).

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BTC update

Looks like my bearish count for BTC thankfully is no longer valid and like a chameleon, for me, now the odds suggest the bottom may achieved. Despite this, the TA is still horrible and BTC is still above the importante resistence of 6900. The bulls must take this resistence to give more confidence in this possible new trend. Let's see, in the following days, if this is another bull trap or the bottom truly arrived.

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BTC update

Despite this pump my BTC view didn't change. BTC below the 6900 stay very bearish.

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BTC update - BAD NEWS FOR BTC

At this point seems the possible triangle will fail hard to the downside. So the BTC without strength to break the resistance of 6700 turn my count, at medium term, more bearish with a possible patern as a double zig zag.

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BTC UPDATE SHORT TERM

The triangle decides trick me again. However at medium term everthing still possible because BTC continues to be in danger zone and I'm still not sure if the bottom is in. It's very likely the bottom is in but I need some kind of confirmation. For now BTC has huge resistences to break and this will show me his true strength at short term.

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BTC UPDATE SHORT TERM

Despite my bull count in medium/long term, at this point seems BTC (and ETH) is labelling a bear frag so expect the resolution very soon.

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BTC UPDATE MEDIUM TERM

BTC extended a little more than expected but not invalidate my count. Despite this I do not advise enter long at this price cause BTC is still above the support line and now will works as resistance. If BTC goes up and break the 7 k with strength and volume the odds suggest the downtrend could be finished. Let's see how BTC will behave when achieve the 7 k.

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BTC UPDATE MEDIUM TERM

Nothing changed since my last update. BTC maybe is finishing the wave E (green) or close to finishing the wave d (red). The decision is close.....At this point I would say my primary count is the bull case but we must be very watchful and if the price goes to the downside the reaction could be very aggressive.

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BTC UPDATE MEDIUM TERM

My thoughts about bitcoin... In the medium term I'm following two diferent options (one bullish and one bearish). At short term btc is coming to a strong support, which I think will resist this time.

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BTC UPDATE SHORT TERM

Despite the bullishness in several altcoins the BTC may show another signal. What you think? At this point seems BTC  is labelling another bearish wedge.

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BTC UPDATE SHORT TERM

Corretion will soon began.

EDIT (25-04-2018):  Invalidated Count!! Need some time to understand better this movement but seems much more bullish than I expected.

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BTC UPDATE SHORT TERM

Seems BTC is forming a possible wedge.

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BTC - REVIEW COUNT

3 April I made some options for the BTC counts. For now, I wil choose the possible triangle pattern.

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BTC UPDATE SHORT TERM

Yesterday ETH triangle failed and now BTC? Seems a perfect symmetrical triangle, so let's see how will it play at short term.

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BTC UPDATE SHORT TERM

Expect the sellers return very soon to close at short term this wave A.

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BTC UPDATE SHORT TERM

Looks like wave b of v already finish, and I expected new lows very soon.

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BTC UPDATE

At short time I easly can see a new low (maybe double bottom) and the 78xx's will be the key for the bulls. At medium term I also can see 3 diferent options. it would be interesting to have your feedback on which options are most in agreement.

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BTC update short term

For the short term seems BTC finish the wave A with an wedge pattern. So expect some rebound in this wave B until the 10 k and then new downtrend to complete the ABC pattern. Let's see how this count plays with my ETH bearish count.

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BTC update short term

Since yesterday looks BTC it's in some consolidation for new donwtrend (possible minor wave iv) but at this point the bears must be careful because the possible wedge has not been invalid. Normaly when the wedge's finished the price action moves fast and furious and until now I don't see it so my primary count is still the "Bear count".

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BTC update short term

Everthing happen as expected and at this point the pattern suggest wave iii is underway but at same time we must keep in mind that the downside can't stop here. The bloodbath MUST CONTINUE. If stops here we may see an wedge and a positive divergency.

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