The count for the extended 3rd is quite tricky, but provided we hold the 0.5 you have a have a strong
case for the 4 being in.
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Impulse back above Mondays Low and the move down was likely a stop run.
There is some inefficiency between current price and Daily Demand which
is also in confluence with Weekly Demand that has not been properly retested,
ofcourse, it doesn't have to.
Favouring a bounce from here, Back above Mondays low pivot marked as red box
would be my confirmation for more...
OMGBTC correction after long. The exchange rate will soon reach the correction level. This level is at the level of 0.00100364 level. I expect an increase from this level. I look forward to the second and third wave of the rise. For the third wave to rise, it is a neighborhood of 0.00127010.
In this rookie analysis I expect a short term selloff to the levels which would reach the support zone of the short term trend. Because there is a clear break out from a falling wedge, I personally think this is a trend shift and this is the start of the upward moving trend. Therefore my personal targets to sell are not yet decided, I am beginning to accumulate...