Bitcoin Bulls Prepare for Short Squeeze to $31.6K+
Updated
Based on previous and ongoing analysis of BItcoin, I believe its yet headed for 31.6K at minimum. Previous mid-micro wave pattern was invalidated however, the bigger pattern and upside target remains in tact.
Join me in/and the Community for more trade ideas.
P.S. Invalidation is only indication if you're aware of how to adjust :)
Join me in/and the Community for more trade ideas.
P.S. Invalidation is only indication if you're aware of how to adjust :)
Note
making sense of the slowly played downside swing -- Note
(previous form invalidated)(upside in wave completed with a visit to the 0.89 fib).
Note
Micro (extended) diagonal wave is here to signify downside action on the way.Note
potential explosion on the way...Join the Community for future updates.
Note
could leave the post sitting in an invalidated state --- the expected diagonal appears that it will not expand but instead contract.
this means that the diagonal will only be the first wave of the expected 5 wave sequence (upwards).
Note
after zooming in and remeasuring the lengths of Waves 1 and 3, Wave 3 is longer than Wave 1 which indicates that this diagonal is truly in extended form :)
despite Wave 2 not dropping as deep as expected, Wave 3 is the ultimate catalyst to let us know the type of diagonal we should expect to see play out.
in an extended diagonal, Wave 4 drops supremely deep into the zone of Wave 2 (but should not break it as this would cause invalidation immediately).
with Wave 3 being longer than Wave 1, its fully expected that Wave 5 is longer than Wave 3 (so long as Wave 4 holds :)
after this 5 wave diagonal move, a retracement of 0.618-0.89% is mandatory. the pump will be aggressively sexy but longs should be avoided up high and instead grabbed from down low.
our expected trip to 31.6K is now one step closer to an almost undeniable confirmation! for more near real-time, continuous analysis, join the community!
#lastupdate
Note
Mismeasured the size of W1 and W3; diagonal is contracting, W5 is in motion.Note
A big misread on the internal setup. The diagonal has turned out to be much more aggressive than anticipated — There is no deep retreat to come until 31.6K is surpassed.
Note
#DigitalSurf
Join me on the waves, where its safe. discord.gg/QRPx6ShxMt
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