BitcoinLong
BTCUSD Short Term Relief Rally (Update)
Updated
The minimum of 3150 from the previous analysis was respected and we have finished wave 1 up. Expect a pullback in zig-zag fashion to 3200-3500 and a sharp run up above 4000 as part of wave 3. Details of wave 5 will become available as we move into wave 4.
If we break below 3150, then a running flat has been traced and a new study needs to be made.
More general details of the two scenarios (teal and yellow) in the previous idea (see "Related Ideas" below).
Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.
If we break below 3150, then a running flat has been traced and a new study needs to be made.
More general details of the two scenarios (teal and yellow) in the previous idea (see "Related Ideas" below).
Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.
Note
We are possibly in an irregular correction at the moment.The teal wave (2) should actually be a corrective wave, not an motive wave. My mistake. The yellow wave (C) is correctly labeled as a motive wave.
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