Bitcoin: Let's try to get that 4 into the extended 5 shall we?
Updated
- A of ABC correction into big 4 is in
- B of ABC correction is expected at 9650
- C of ABC correction is expected at 7800
- Bigger 5 might very well extend to the 1.618 and double top with our previous major high around 13.9k!
Note
I feel obliged to share my alternate counts with you that are more bullish in the short term, just so you are aware. I have been making an unfortunate amount of losses shorting the market lately, I don't want you to make those same mistakes, be aware that there are enough support levels that bears need to break, and they have never actually shown themselves for months... So 0 guarantee that we will end this mid term correction in a beautiful ABC. Good to know about the alternative counts.Trade active
Note
The B might seem to be working, but I feel like it isn't so let's explore the more bullish alternative. For now let's see if we can continue this short term bullish price action, before I create my bullish alternative idea, which is still very much similar in the bigger picture :) Trade active
Don't be mislead, on most exchanges the 4 did NOT go into 1 terrirory!Trade active
This is VERY good news. My ABC seems to be still in play! The short term support broke the impulse invalidated. Sub 8k just became much more likely again. I might have been correct after all, I just never expected the bulls to go this high (beyond 0.9 FIB) to give it all away afterwards. But seems like bull whale gave up defending a key level just now, so let's see what bears make of this.
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