Bitcoin - I was wrong but now I'm strong!
Updated
I worked the hell out of that last count and gave it every opportunity to succeed. But, at the end of the day, it failed. First I got sad, then I got mad, then I got back to work!
This chart is the result.
The triangle is a perfect fit, the WXY fits, and, if we are to continue higher, the current count with Fibonacci confirmation fits. A bounce off the 61.8 or 78.6 at the bottom of the triangle would complete Wave 2 and be a good indication that I am back on the sent of the bear trail. If I catch them I'm hanging another bear head on the wall and putting another bear rug in front of the fireplace!
BBS out.
This chart is the result.
The triangle is a perfect fit, the WXY fits, and, if we are to continue higher, the current count with Fibonacci confirmation fits. A bounce off the 61.8 or 78.6 at the bottom of the triangle would complete Wave 2 and be a good indication that I am back on the sent of the bear trail. If I catch them I'm hanging another bear head on the wall and putting another bear rug in front of the fireplace!
BBS out.
Comment
Is $17.32 close enough? That is how far off the price was from touching the 61.8 Fib line before bouncing a little. Also, this is right at the bottom of the EMA Ribbon. It looks like a very good place to end Wave 2. Of course things never seem to be that easy lately so we'll just have to watch the price, volume, etc. for confirmation.Comment
Do we stop and the target and reverse or keep going? Fingers crossed.......Trade closed: target reached
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