[b]Bitcoin - It's just a correction, don't get fooled ![/b]
Updated
** IT'S NOT AN OPPORTUNITY TO BUY YET !!!!
Price is moving in 5 ways to the downside since the selloff from 6000
Wave 1,3 & 5 will go lower where as waves 2 & 4 will go counter trend and correct a % of the previous move.
Wave 3 is often the extended wave, meaning it's the longest and you should be able to count 5 subwaves inside it.
Once those 5 waves end, we get wave 3, after wich comes a correction higher in wave 4 in a 3 waves manner(abc for example) or a more complexe correction(but still just a correction !).
I'm confident we have those 5 waves down as a wave (3), now price is therefore in a correction higher for wave (4).
After wave (4) ends (should be near 0.382 level ~4500 ideally), look for price to fall a bit further for wave (5) near the 3100 level (or possibly lower)
Price is moving in 5 ways to the downside since the selloff from 6000
Wave 1,3 & 5 will go lower where as waves 2 & 4 will go counter trend and correct a % of the previous move.
Wave 3 is often the extended wave, meaning it's the longest and you should be able to count 5 subwaves inside it.
Once those 5 waves end, we get wave 3, after wich comes a correction higher in wave 4 in a 3 waves manner(abc for example) or a more complexe correction(but still just a correction !).
I'm confident we have those 5 waves down as a wave (3), now price is therefore in a correction higher for wave (4).
After wave (4) ends (should be near 0.382 level ~4500 ideally), look for price to fall a bit further for wave (5) near the 3100 level (or possibly lower)
Note
Look for ~3000 nowNote
One more push lower coming hopefullyNote
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Note
I will post my ideas here for easier access t.me/em16public
Note
Sadly my Final 3100 Target was missed by 30dollars !Now it might be time to go long here.
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
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Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
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