#Bitcoin Daily update ! 12/20/19 7:00 am EST

Bitcoin continues to search for an ending to this 6 month corrective pattern as it slides along inside a pretty clearly defined corrective channel. For the ellioticians out there , this is what a complex combinations does and calling the end of it can have us all fooled many times over. As I was mentioning plenty of times before, a clear rise out of the channel would be the 1st indication that we have reached a termination point and be able to look back at a low. Until then we are still very close to it and prone to further weakness. However, we are starting to stretch quite a bit in time as we are reaching almost 100% equality with the rally to 14k from dec last year. Markets like balance, so maybe this will count. I have the present count as allowing for another leg lower in C of Z , after this abc flat completes . The nature of the rise will dictate the next possibilities . I continue to use deductive reasoning processes to come up with the best interpretations of what is likely to happen , and that is the best one can do. The wave principle teaches us to stay openminded and prepared for any outcome. The idea behind remains that we should see a good solid rise in the price of bitcoin upon completion of this 6 month wave correction. We are almost there.
See the links below for a lot more information and throughout the day updates on cryptos and other markets.

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