BITCOIN: Count invalidated, Bear Flag instead...

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·@toofasteddie·
0.000 HBD
BITCOIN: Count invalidated, Bear Flag instead...
<p>Bad luck guys, Yesterday's count has been invalidated since the supposed wave (4) went lower than the (1)... That's really a bad signal indeed...</p>
<figure class="wp-block-image is-resized"><img src="https://mentormarket.io/toofasteddie/wp-content/uploads/sites/3/2018/12/a-2-1024x452.png" alt="" class="wp-image-2544" width="848" height="374" /><br/></figure>
<p>BITCOIN hasn't been able to cross the upper trendline in grey in the pic below. Instead, BITCOIN has been "playing" between two inclined limits, forming what sadly seems a BEAR Flag...</p>
<figure class="wp-block-image is-resized"><img src="https://mentormarket.io/toofasteddie/wp-content/uploads/sites/3/2018/12/b-2-1024x451.png" alt="" class="wp-image-2545" width="892" height="392" /><br/></figure>
<p>Actually, I see two possible options, unfortunately both of them indicating downside movement.</p>
<ul><li><strong>Uptrend Resistance acting as so...</strong></li></ul>
<figure class="wp-block-image is-resized"><img src="https://mentormarket.io/toofasteddie/wp-content/uploads/sites/3/2018/12/c-3-1024x455.png" alt="" class="wp-image-2549" width="900" height="399" /><br/></figure>
<ul><li><strong>Uptrend Resistance broken but BEAR Flag triggered downwards...</strong></li></ul>
<figure class="wp-block-image is-resized"><img src="https://mentormarket.io/toofasteddie/wp-content/uploads/sites/3/2018/12/d-1-1024x452.png" alt="" class="wp-image-2548" width="904" height="399" /><br/></figure>
<p>Both options represents a (III)  extended wave (in red) and the final A-B-C movement I was expecting one week ago...</p>
<p>(V) may not be so long if the (III) has been very extended, that's why I keep a "landing" level just below 3000 USD...</p>
<p>Will see.</p>
<p><a href="https://steemit.com/@toofasteddie">@toofasteddie</a></p>
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<h4><em>*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.</em></h4>
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