Pretty good bounce thus far.
It looks like we are in the process of a 12345 impulse that might be a wave C of ABC correction.
The last strong move was a perfect wave 3 structure, including a 4.236 extension to complete the wave.
So I am expecting a wave 4 retrace then a final push up into resistance, and to complete wave C.
Lets see how this plays out.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
After the bounce, I am still calculating the odds of one more leg down, based on these levels
And so the current plot fits the higher wave 4 from above
It looks like we are in the process of a 12345 impulse that might be a wave C of ABC correction.
The last strong move was a perfect wave 3 structure, including a 4.236 extension to complete the wave.
So I am expecting a wave 4 retrace then a final push up into resistance, and to complete wave C.
Lets see how this plays out.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
After the bounce, I am still calculating the odds of one more leg down, based on these levels
And so the current plot fits the higher wave 4 from above
Note
ALERT: Just found a serious hurdle at 4425, see this Idea 
the Golden Ratio is my Religion
the Trading View is my Nation
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the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.