Hi ladies and gentlemen, I've drawn a couple of scenarios regarding bitcoin. Just some food for thought.
Have a look and make some comments if you feel like it.
Cheers
The question is: - have we completed a 1-wave and are currently correcting for wave 2 ?
or
- are we still in the 5th wave to complete the 1 ?
I'm leaning towards the ABC scenario. Time will tell.
We are still correcting and sloping downwards. I am watching for a clear break out of the channel, supported with good volume.
Also the 0.5 fib level is a level to watch.
Overall, ICX is looking strong in my opinion. However, we must consider that BTC can mess things up.
These are two counts for our current situation. The difference is in the correction for our wave 2.
I favour the count where we are trading with good technical pivots.
I also made a very long term projection bases on that technical count.
edit: don't mind the timeline
SALT is slowly climbing upwards. Can we get a good 5th wave after the current retrace ?
The ingredients are there, we just need to add a bit of salt for the flavour :)
Cheers
Hi all,
After completing major waves 1 and 2, we are currently in major wave 3.
I believe there are great profits to made along the way.
Please feel free to comment, criticise and give advice.
Cheers
