Bitcoin
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Diupdate

Wave III is probably too large

1601
Hey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.

Preamble:
Several months ago when I said "stand-pat" I said it for a purpose and my purpose is right here now,

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(all targets have been achieved)

The market is trying to tell us something!
As shown on this chart, Wave III is a fairly clear five (BTC is completing the fifth wave ((5)) of the third leg III of a 5-wave rally )

The Grand Super cycle from 2019 :
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Wave ((3)) > 161.8% of wave ((1))
Wave ((5)) > 261.8% of wave ((1)) ----> Wave III is probably too large!

As a result, wave III is still not complete!
So
there's only one thing to do!

Appendix:
Further updates to follow 👇

Stand pat!
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$ 92749
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Wave 4 --- > $ 83.5k (-15%)

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whale alert:

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,293 #BTC (224,263,430 USD) transferred from unknown wallet to Coinbase Institutional
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Wave 4 --- > $ 83.5k (-15%)

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Target = $ 83.5k (-15%)

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are you ready?

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They will understand soon enough ...

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Now we need a reasonable retracement amount!

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(typo , $ 2640)


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Trade Plan
Short-Term overview
Bias: Bearish

Price = $ 95000 (Nov 28, 2024)
Target = $ 87500 (Dec 2, 2024, 20:00)
Stop level = $ 99001

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:)

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