BitcoinLong
Bitcoin is going so parabolic its going back in time.
Updated
Sooo its here the fifth wave extension top that was called in my initial forecast on october the sixth
Reassessing, I'm not saying that this is the top, but it could possibly be.T he major target of the expanded flat pattern is the 1.6 however we have hit the 1.4 which has good correlation to the 2.6 extension of wave 1 -> 3. In all seriousness 6200 to 7000 is still very possible in the coming days however I sold off all of my btc at 5200 which I am regretting. I got pretty scared since vertical moves like this tend to signal the final blowoff and I needed sleep and couldnt baby sit.
If you are still in, milk it but for a long term hodl I don't recommend anyone buying at this level. It can only go so parabolic however if it does I have included a secondary Elliot wave count where the prices go so parabolic they go back in time creating a totally new timeline.
I honestly have no clue where we are going if my initial forecast is wrong and we break the 1.618 extension of wave A.
Happy trading
Reassessing, I'm not saying that this is the top, but it could possibly be.T he major target of the expanded flat pattern is the 1.6 however we have hit the 1.4 which has good correlation to the 2.6 extension of wave 1 -> 3. In all seriousness 6200 to 7000 is still very possible in the coming days however I sold off all of my btc at 5200 which I am regretting. I got pretty scared since vertical moves like this tend to signal the final blowoff and I needed sleep and couldnt baby sit.
If you are still in, milk it but for a long term hodl I don't recommend anyone buying at this level. It can only go so parabolic however if it does I have included a secondary Elliot wave count where the prices go so parabolic they go back in time creating a totally new timeline.
I honestly have no clue where we are going if my initial forecast is wrong and we break the 1.618 extension of wave A.
Happy trading
Note
A triangle has begun to form after a 30% retracement. This is the characteristic of the fourth wave. We have a trade where the risk to reward is very well defined. The minimum target is a 1-1. However since we are in a fifth wave for bitcoin we cannot discount that this wave too can be extended. So even 7500 is possible. The profit potential range is 5800 to 7500. it is worth the risk as long as we keep watching it.
Note
Ok does this look like a flat correction?Note
Maybe something like this is gonna happnen?
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