We wont find out the exact count until general 5 waves are completed.
But i mostly believe 9100 was top of big wave 1 and mini wave 3 was extended after it we rejected to previous 7500 which was same area close to mini wave 4 at same time we got strong hidden bullish div on 2d chart and after it btc fly straight to 13k so far which is more indicator like i said before that we are starting strong general wave 3 from 7800 area to previous ATH area, here are the most possible count if the original one looks confusing but this wont change 9100 was top of general wave 1.
Most important thing now is btc hold 10800/11200 for current due correction or expect blood.
Original Idea:
But i mostly believe 9100 was top of big wave 1 and mini wave 3 was extended after it we rejected to previous 7500 which was same area close to mini wave 4 at same time we got strong hidden bullish div on 2d chart and after it btc fly straight to 13k so far which is more indicator like i said before that we are starting strong general wave 3 from 7800 area to previous ATH area, here are the most possible count if the original one looks confusing but this wont change 9100 was top of general wave 1.
Most important thing now is btc hold 10800/11200 for current due correction or expect blood.
Original Idea:
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Don't get excited now 13400 hitExpect retrace very soon we got bearish div on 1 hr as well as on daily
The area between 11400/10800 should not break for trend continuation
2d bearish div as well
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What a dump to 11600 after 13800 hit thats another great call As i said retrace is coming soon and it did in few hours and i mentioned for trend continuation 11400 10800 area must not break down it so for now i expect consolidation for about a week in this range and lets hope it stand for reversal
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10800 reached and we got higher low, as we expected, btc gathering strength the next days. we got 1 hr hidden bull div supporting it see belowNote
Finaly! We got the daily close 10750Note
Hidden bullish DIV spotted everywhere! ( click to read the details )
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We got lower low, higher low invalidated that was ABC correction but we still bullish, we were waiting for 1d and 2d daily close between 10500 and 11500 we got 1d 10750 and 2d is very close and its very important to be above 10000 / 10500 area its also critical 10k level not breached with daily closeLow time frame indicator always trick traders that's why we are not doing day or short term trades and we focus on higher time frames and the trend, here is another look:
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2d candle closed above 10500 level as we were expecting which is more confirmation for the reversal as we noticed 10k level breached for few seconds and stood strong!!Note
9800 touched this is mostly BEAR TRAP. Wait for 1d candle close.Note
4HR hidden bull DIV completed! Bear Trap triggered below 10k We got daily close 10750 then 2d close 10500 showing btc strong above 10k level but after btc went below 10k level again we should wait for the next daily candle close but we are still bullish because indicators now went very low and gave chance to form 4hr hidden bull div we were waiting for the last couple of days which is now very clear on rsi and macd
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What a bear trap!! We did call for it guys, Btc reach 9600 area but daily candle close is above 10800 again! Since we hit 13900 in Jun 26 we expected to consolidate for about a week between 10500 and 11500 level with daily close above 10k level and we got that, during this week the lowest daily close was 10600.
And we said many times 10k level should not be broken with daily close and so far this stand strong beside 4HR hidden bull div completed we can officially say now consolidation has ended and BTC is ready to resume uptrend.
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This was a perfect matching for 2d close 10500 forming wave 2 in general wave 3 according to my waves in this post, now expect btc to take down the 2nd BLUE resistance line in next days and once it close 2d candle above 12k area, I am telling you guys BTC WILL FLYNote
Inverse H&S inside the WEDGE which is more bullish pattern confirming breakout in the next 1-2 daysNote
The wedge still in play and developing as expected although it took longer time but the wedge resistance has been confirmed with 4 times touch lower low. As well as 11/11400 area holding very nice.I am expecting breakout to upside in anytime very soon. Watch out!
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Watch out! We got the WEDGE Breakout! (click to read details)
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Bitcoin free fly incoming! (click to read details)
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Bitcoin bull run fractals on daily - Targeting Golden Ratio!
Reversal: Resistance Turned Support
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Trap: BTC below $10,000 for the last time! ( click to read details )
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Anyone wondering what is the count for the previous bear market correction in my opinion:Note
Check last idea to read updates:Trade active
BTC is out of RED zone .. $23,000 Could be a new ATH! -- (click to read details) follow idea to get updates.
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Will BTC take over this stubborn resistance this time! ( click to read details )
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BTC: 12H Ichimoku showing interesting bullish signs! ( click to read details )
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This could be the last idea to share with you guys!...... click to read
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BTC: Isn't The Trend is Your Friend, Until it Ends?!
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Daily BTC Chart: Still Show all this bullish signs..?! ( click to read )
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BTC: Panic Sell OR Buy ... Next? -- ( click to read )
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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.