BTCUSD ultra bull scenrio: Bitcoin staring wave 3/3/3 to 5300 ?
Diupdate
Here is a scenario that is plausible given the recent EW and Fib behavior.
Pattern wise, we are currently in a triangle, which could break either way.
But being a bull, I have to plot a path upwards, with close stop losses.
We could be on the verge of a wave 3 of 3 of 3: the KILLER entry.
Of course, such a plot this early in the move is probably WAY off.
But, even if just one or two orders play out, this will prove to be an awesome entry.
Lets see how it plays out.
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Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
As the dump progressed, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
So now I am wondering if we are about to start a serious climb back to the 5k zone
Pattern wise, we are currently in a triangle, which could break either way.
But being a bull, I have to plot a path upwards, with close stop losses.
We could be on the verge of a wave 3 of 3 of 3: the KILLER entry.
Of course, such a plot this early in the move is probably WAY off.
But, even if just one or two orders play out, this will prove to be an awesome entry.
Lets see how it plays out.
.
.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
As the dump progressed, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
So now I am wondering if we are about to start a serious climb back to the 5k zone
Catatan
Nice, that spike today was a Picture Perfect Impulse .
Catatan
^^ Follow up to the 4.236 Fib move shown in pic above: Now applying that to the main chart:
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Catatan
BTC 4200 looking quite plausible Catatan
That spike may have been wave 5 For wave 5 to go higher, support MUST hold
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