BITCOIN - Trend Based Time Revised
Updated
To revise previous Trend-Based Fibonacci TIme - Bitcoin is coiling and has completed an E wave of the contracting triangle. It could fall out to the downside however it looks probable that price will drift sideways to somewhere near the 1.618 fib-time around the 11th June. From there I think we are about to witness the biggest crash ever in Bitcoin's history.
Note
Was a bit early calling the E wave. This will probably be a fake-out.Note
BTC has broken the pennant. It is now in no-man's land. As long as price is under the C wave top, it is regressive.Note
Interesting that price broke up, not down at 1:1 time fib.Note
Price topped around the same fib as previous oscilaltion - just shy of 0.886. Thats probably the top and perhaps a lower high will form before heading down. We'll see. Note
I don't have a solid fib from D due to exchange slippage, but it doesn't make too much difference.Note
This one went well.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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