BitcoinLong
Bitcoin 30/60% Projection, Accumulation Region
Updated
Hello, these are my thoughts on BTC's movements, mostly ignoring the triangle as it is the most obvious part of the price's movement. Hoping this is going to be an ABC movement as I've shown with the two green bars, they are of equal height, which is good as the 0A and BC waves should be equal. The waves align with the fibfork channel from BTC's 20k run. The accumulation region is apparent from the price wicking into the area, then quickly heading back up.
30% then 60% target run, we could have a 10% drop first into the accumulation region, that's what I'd do if I was a whale. Break stops, shake out weak hands.
Heading back below 9k is an outlined possibility...
Happy trading!
30% then 60% target run, we could have a 10% drop first into the accumulation region, that's what I'd do if I was a whale. Break stops, shake out weak hands.
Heading back below 9k is an outlined possibility...
Happy trading!
Note
Down she goesNote
Hit the lower projection, lets see if we can tap 9084 then head back up
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