RLC risky but High Return Trade idea: catch a "wave 3"

RLC moves with high amplitude waves.
ABC retrace looks perfectly completed.
123 of new 5 wave impulse is of interest.

$ 8.0 is the key support. SL just below.
$ 9.5 is the key resistance to break and run.
$ 15 would be a good target to shoot for.

Bitcoin is retreating, so a "risky" entry against the tide.
If we get w3, then targets for 4-5 can be calculated.
I will try to post updates as price action progresses.

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

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