Short

BTC: Testing for second cycle

Updated

First cycle is confirmed, now it is to nail in the second.
I am too lazy to check the past so I watch it unfold instead. A 23 % more drop into 7th-9th ish if it is correct.

Note

BTCUSD: H/L reanchored

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I can see now that this will fail and I found the cause

Note

The answer is in data providers that led to wrong pivots. Bitfinex:

snapshot

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Bistamp:

snapshot

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For the untrained eye they look the same, but see how the 4th is a lower price than the 27th on Bitstamp, but it fails to be so on Bitfinex. Conclusion: Quality of the data is crucial.

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