I've shared this chart with subscribers some time ago and noticed that I had forgotten to post it here also.
Right now, we're approaching the 43k-46k zone for which, looking at the substructure of current rise, I suspect we'll see a breakthrough, turning this zone into a support next, before going for 70k.
Notice that the blue zone, is the usual termination point of an impulsive wave 3.
Be therefore aware of that in case we see price starting to get very choppy at that zone because it's normal wave 4 behavior and should resolve higher after that.
Right now, we're approaching the 43k-46k zone for which, looking at the substructure of current rise, I suspect we'll see a breakthrough, turning this zone into a support next, before going for 70k.
Notice that the blue zone, is the usual termination point of an impulsive wave 3.
Be therefore aware of that in case we see price starting to get very choppy at that zone because it's normal wave 4 behavior and should resolve higher after that.
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
