Bull or bear?
Hi there,
I obviously messed up something in my previous counts, I'll all check it one more time tomorrow though everything was going surprisingly well till say, today.
Did we reach the end of today's retracement? Perhaps. We'd have retraced a clean 50% of a cycle begun on January 4 and would be now in a new impulsive trend which wave 1 is done and wave 2 being done: it reached 38.2% so far and may well go a bit lower until 50% ($37,060) or 61.8% ($36,600). If we got once more under $35,100 I would move my A and B wave to respectively today's bottom and what I'm so far calling wave 1 at 39k, and C objectives would have to be either 100% ($32,760) or 161.8% ($28,900), which would happen to correlate with much bigger light blue wave IV's targets around 38.2% retracement.
Let's see what BTC says, it's pretty stimulating to see what interesting trade opportunities are coming to light.
I obviously messed up something in my previous counts, I'll all check it one more time tomorrow though everything was going surprisingly well till say, today.
Did we reach the end of today's retracement? Perhaps. We'd have retraced a clean 50% of a cycle begun on January 4 and would be now in a new impulsive trend which wave 1 is done and wave 2 being done: it reached 38.2% so far and may well go a bit lower until 50% ($37,060) or 61.8% ($36,600). If we got once more under $35,100 I would move my A and B wave to respectively today's bottom and what I'm so far calling wave 1 at 39k, and C objectives would have to be either 100% ($32,760) or 161.8% ($28,900), which would happen to correlate with much bigger light blue wave IV's targets around 38.2% retracement.
Let's see what BTC says, it's pretty stimulating to see what interesting trade opportunities are coming to light.
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