In my last update, my primary count wouldn't allow BTC to break above the last high at 18.3k
That count has been invalidated, here is my new count:
I simply went back to my old count, where I wanted to see BTC pump to 19.3-19.6k (idea linked below)
This being said, the resistance area is still the same, therefore I'm looking for BTC to top out around here (we might get one more move up before the high is in).
This count will be invalidated if we break above 21.4k, in which case a strong case could be made for BTC having bottomed.
However, at the moment, I don't believe the bottom is in, and will still favor shorts over longs.
Any questions?
Good luck traders
Remember not to break your rules
Habib
That count has been invalidated, here is my new count:
I simply went back to my old count, where I wanted to see BTC pump to 19.3-19.6k (idea linked below)
This being said, the resistance area is still the same, therefore I'm looking for BTC to top out around here (we might get one more move up before the high is in).
This count will be invalidated if we break above 21.4k, in which case a strong case could be made for BTC having bottomed.
However, at the moment, I don't believe the bottom is in, and will still favor shorts over longs.
Any questions?
Good luck traders
Remember not to break your rules
Habib
