BTC Analysis - Local Bottom In?

in #bitcoin7 years ago

Yes, I'm staring at a 1 min BTC chart. But there are five waves up and three waves down on it. Low-risk entry here with a stop at the 22:30 low.

If the count follows through, then guess where we are - right at at the uptrend line from the previous major low:

Everyone and their mother was staring at that inverse head and shoulders pattern expecting imminent breakout, so the market gave us something else. A fakedown? Let's see...