BTCUSD possible wiggle to 3k: Bitcoin wave 5 not done?
Just a quick plot to see how this plays out.
I am wondering if medium order wave 5 is done yet or not.
I think it is more likely that we will get one more dip, before we pass wave 4.
Here is the bigger picture, showing a possible end of large wave V of move starting from 7400.
.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
After it topped at 4425, a rising wedge combined with EW waves pointed to a serious pullback:
So now zooming back out to the original large 5 wave impulse, targets are in sight again:
The current chart is to plot a possible final leg down to test 3k.
I am wondering if medium order wave 5 is done yet or not.
I think it is more likely that we will get one more dip, before we pass wave 4.
Here is the bigger picture, showing a possible end of large wave V of move starting from 7400.
.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
After it topped at 4425, a rising wedge combined with EW waves pointed to a serious pullback:
So now zooming back out to the original large 5 wave impulse, targets are in sight again:
The current chart is to plot a possible final leg down to test 3k.
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