The two orange boxes are potential targets for waves (4) and (5). Once we complete 5 waves up (wave 1 Circle) from ~$3200, expect a sharp move down for wave 2 Circle. $5900 is the 0.382 Fib
Fifth waves are known for extreme extensions in BTC.
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Just a warning, it's nearly possible (or possible) to call 5-waves up for wave 1 Circle. I would expect a drop of >= $4400....50% of the move up or greater.
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There is one reason that we still could extend higher is, the number of BTCUSDSHORTS is rising. I would expect this to drop (to an extreme low) just prior to a BTC top. This does not have to be the case, but it has happened at extremes previously.
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I would call the top in for wave 1 Circle...deep correction in progress.
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Expected depth to around $6600-$4500....50%-76.4% in log scale. We are definitely in a bull market, with 5 up. The next move up could be to around 61K-103K...more than likely much higher.
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BTCUSDSHORTS just plummeted from 33000 to 9700, indicative of a significant top for wave 1 Circle. When no one is short, you should be looking for short positions.
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We are working on an A-B-C (or more complex) to 8K-$4500 then WAY higher, maybe 61K-225K for a top.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.