I think we are in wave 3 of an extended wave 5 of 5.
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Great newstwitter.com/lopp/status/925870585611091968
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Targets for wave 4 are the purple line ($6850 or so) and if that doesn't hold then the blue fib ($6350 or so)註釋
If the price makes new ATH's then i'm wrong and wave 3 is still in progress.註釋
bouncing now but don't think we're out of the woods yet, seems we are going up to make former support resistance then we head down to finish the correction to $6k-$6300 or so. Then new ATH's.註釋
Eh, bad call, sorry guys. It happens, but as far as the count goes, still totally valid as long as we dont go below $5k.註釋
Looks like we're going to test $5k...註釋
Eh maybe I spoke to soon, we'll see. Honestly could go either way. Probably which ever breaks first $5600 or $5900-$6k.註釋
Could not break through $6k...註釋
So well see, could go either way.註釋
Sorry guys, forgot to update this one, price broke above $8500 and pulled back a bit and went higher, seems clear we are going up and the uptrend continues. Could get still get that pull back from higher prices, well see.註釋
Went a bit higher, but starting to slow down a bit, might finally get that nice drop here. So, been thinking about it (and I don't want to scare anyone lol) but it is *possible that this was the entire 5th wave and the cycle is complete. NOW, I don't think that's the case, I think more likely this is just a 1 and 2 of another big impulse up. But its important to consider all possibilities. So if i'm right, and we head down, this is either the start of an "A" wave of a big A-B-C correction, or its just wave 2 of a huge move up. Again I still think the latter is more likely. We have no way of knowing, so let's see how the market reacts to the next dip (assuming it actually comes): 註釋
*Sorry 1 should be: 1/5, and 2 should be 2/A!! Hope that makes sense.註釋
Looks like she's got more steam left in the tank...still think we'll get a nice pull back soon...then I will basically look to see how we react to that dip...註釋
Guess not, so wrong haha. If it can maintain $10k who knows how high it can go.註釋
HMM okay, finally reached the target of this chart. This is strong resistance, if we're goign to get a pull back it should come in this range. If not, you can just throw the charts out the window : ) Anyway, few premature pull back calls aside, ended up being a nice chart. Will probably publish a new one instead of updating this one going forward. Gluck all.
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