BTC extending correction?
Assuming the white count for wave 1 is correct, we might now be in wave 2 (blue) of 3 (white).
This wave 2 (blue) is expected to either end on 0.382 or below 0.5, most likely 0.618-0.704, after a B leg up.
A drop below 0.886 @ 20.6k would be bearish and result in 1.272 @ 17.2k to be tested
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This wave 2 (blue) is expected to either end on 0.382 or below 0.5, most likely 0.618-0.704, after a B leg up.
A drop below 0.886 @ 20.6k would be bearish and result in 1.272 @ 17.2k to be tested
Bags loaded!
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
註釋
got the bounce, lets see if it can continue above local 0.382 towards 0.618-0.886註釋
ok that was quick. lets see where it wants to go next註釋
what a nice wick (flat 2?) down right on 0.886.Assuming as long as that holds, trend remains up or even full force from here
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we done here?註釋
gotta love fibs huh? lets see if bulls can continue註釋
if it looks like a flag it usually is one.... capped at 0.704 fib too really needs to go soon as a zigzag1 with strong 3 next, or its gonna be much lowa註釋
Although we broke down from the flag as anticipated, looking at fib levels and the kind of structure that a strong move might be just ahead, a bullish one. a new local low however would be bearish confirmation for next leg lower I think. well soon find out what BTC wants to do註釋
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lower local low lead to lower prices27.2 is MOB
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since 0.886 / 27.2 was MOBBTC now has arrived at first turning point 1.272, if that doesnt hold, 1.618 next
should not go as deep as 1.886
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since local 0.886 has been violate, local 1.272 logical next target, ideally in the 1.618spot of AB註釋
well opposite 0.886 been triggered at 27.4 for continuation and it yet looks the recent lows been of corrective pattern with this new local high. lets see if downtrend gets surpassed, then a new trend could start交易進行
in the zone! possible ending of corrective pattern here. shouldnt be much deeper than recent low, than its time to blast註釋
well well well, lets see how the retrace holds, thats gonna tell if correction is over註釋
once it takes out the recent high, expect correction to be over and continuation towards 1.618 or 8.236 extension
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