BTC MAIN COUNT FOLLOW UP
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If you have been following my daily updates, you would'nt be surprised at all of what it is happening. I clearly mentioned in the latest update throughout my favorite short term count found in picture 2 of the tagged post,
that the 18.2 K lows must be swept one way or another before we go up for one last time tag the 21 K area and then have the real wave (3) drop. I also mentioned in the tagged post that we should see one more drop before the CPI release that should be agressively bought.
That is what we are witnessing right now : a quick sweep to just below 18.2 K that has been immediately bought. I was actually setting long limit orders based on that assumption in order to buy the CPI dip but unfortunately alts took a stronger beating than Bitcoin.
Now let's follow-up. After finally sweeping the 18.2 K level, we can now consider that wave B of corrective wave (2) is theoretically done and
we should impulse up till 21 K at least. Don't bother yourselves shorting it, I don't think it will come down before reaching that leve
Yes we can do one more low just below 18 K before going up but I don't think it will happen and I won't be putting my money on that assumption/alternative.
Longs are the way to go from here imo and good job to whoever took advantage of this drop to buy it.This post is based on this twitter thread.