First of all, admit my mistake calculating the retracement of fourth wave. As I comment in last post, made sense a retracement to 0.618 fib level, not 0.5.
With the last engulfing candle of 30mins chart, i expect the fourth wave correction finished. As also told in last post, last comment, if BTC downs further than 8.2, i will be absolutely wrong and anything of my chart is correct in any way (little bit exageration).
So, I expect a 5th wave to end at 9.7-9.8. with the three options:
1. Double top at 9.2 (not expected at all, but possible).
2. Trunkated (likely) t 9.5-9.6
3. Complete (roof at 10K).
My target is around 9.5-9.8 to be conservative. If i see a double top, i am gonna sell off and wait to 8.2 level.
With the last engulfing candle of 30mins chart, i expect the fourth wave correction finished. As also told in last post, last comment, if BTC downs further than 8.2, i will be absolutely wrong and anything of my chart is correct in any way (little bit exageration).
So, I expect a 5th wave to end at 9.7-9.8. with the three options:
1. Double top at 9.2 (not expected at all, but possible).
2. Trunkated (likely) t 9.5-9.6
3. Complete (roof at 10K).
My target is around 9.5-9.8 to be conservative. If i see a double top, i am gonna sell off and wait to 8.2 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.