Power of Three idea on Link! If we close back in the range this is the most probable outcome.
Just an idea based on Fib Time and Fib Channel. Not fianncial advise. Playin' with the chart.
With the help of one of my friends i recognise the Corrective Wave that we are in ABC. We closed under and backtested the 0.382 fib channel =>more downside. As shown in the chart we have 2 places where we can go. -at around 38500 having an ABC Running Flat Correction. -at around 22000 having an ABC Expanded Flat having close the 0.618 of Fib Channel. BOTH...
This is my view for Bitcoin. I think that 1st wave of the impulse and the 2nd one will look like the left shoulder of a big H&S pattern. Everybody will turn bearish(maybe a fakeout) and after we can continue our way up.
I dont't think the correction it's over. Maybe we will take that liquidity where we have some nice confluence. Value area low(VAL) of the uptrend + Daily support + The bottom of the channel. Not financial advice.
We got rejected at 50k region where i told you that's gonna be a bull trap around that zone. let's see how the price gonna react in the coming days. Green Zone=Buy Zone! Around 20k
We bounced from 50 W EMA like every time...next target 99 W EMA and i think there will be the last pump before capitulation and the real DUMP. ENJOY!
Possible Bear trap around 48k...and the last chance to get out of the market...maybe next summer around August a new ATH #DYOR Cheers!
Possible Bear trap between 48-50k...and the last chance to get out of the market...maybe next summer around August a new ATH #DYOR
This setup looks nice! Let's hope we get that Buy Zone!
Just my opinion. Not Financial Advise!