BTC bullish retracement update
Updated
Hi all,
Though BTC is moving extremely fast it still seems to reach really proper targets and so far totally respects yesterday's plan. So here's just a quick update to our plan: wave 3 actually got to its next target by reaching a very clean 261.8%, we probably now are in wave 4's retracement which should probably go as far as 38.2-50% or wave 3, which means probably getting back below 22k before pumping wave 5 till the end of our medium cycle and a bigger retracement at that point.
Would be pleased to read comments and thoughts from you guys.
Though BTC is moving extremely fast it still seems to reach really proper targets and so far totally respects yesterday's plan. So here's just a quick update to our plan: wave 3 actually got to its next target by reaching a very clean 261.8%, we probably now are in wave 4's retracement which should probably go as far as 38.2-50% or wave 3, which means probably getting back below 22k before pumping wave 5 till the end of our medium cycle and a bigger retracement at that point.
Would be pleased to read comments and thoughts from you guys.
Note
Given the huge bullish strength, wave 4 could also keep as mild as it is now, consolidating around 23.6% retracement ($22,640), after which we'd go up again for our last wave 5.Note
So far, so good. A little wave 4 reached 23.6% before bouncing into wave 5 headed towards huge targets of 161.8% ($25,583) or 261.8% ($27,424). Let's see if it keeps going as expected.Note
Everything sounding good, we'll probably retrace back to lower targets now, ie. 38.2% ($21,968) or 50% ($21,416) -- 61.8% ($20,848) would even be possible when we finally break the support. Cheaper coin to long to 24-26k.
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