Blue wave 4 is likely done, so here is the update I promised:

A bearish SHS pattern could be forming very soon. The minimum target from this pattern would be 13000 satoshi.

At the end of this downtrend I expect a HUGE 1 hour buying candle. So unless I see a big candle at the end of expected wave 5, I will assume the downtrend to go on in an extending wave, which can never be predicted accurately before seeing it.

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STEEM update 28.10.17

Blue wave 4 is likely done, so here is the update I promised:

A bearish SHS pattern could be forming very soon. The minimum target from this pattern would be 13000 satoshi.

At the end of this downtrend I expect a HUGE 1 hour buying candle. So unless I see a big candle at the end of expected wave 5, I will assume the downtrend to go on in an extending wave, which can never be predicted accurately before seeing it.