SUMMARY
I have updated the Bitcoin short term wave count. The c wave down is expected to be an a,b,c,d,e triangle correction and once complete, price should start impulsing towards $6,662 area.
I'd like to reiterate the level of caution that should be taken as the below MACD indicator is flashing warning signals.
The below upward pointing triangle pattern is very bearish. A sizable correction is approaching and it could be at primary cycle level. This means it would be wise to start taking profits than holding on for those few more incremental profits. The video has better details and wider scope of discussion!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**