AndrewDavis5
Panjang

Hypothetical "A-B Base" signalling the start of new Bull Market?

BITFINEX:BTCUSD   Bitcoin / Dolar
(Hypothetical Idea):
A rare structure known as an "A-B Base" (A-B Transition / A-B Reversal) which can appear after a major market decline ended on a satisfactory wave count, signals the commencement of the new Bull Market.

Bitcoin            

(My main TA chart):
My current Technical Analysis trend and wave count.
The market is very confusing with lots of manipulation at this time, so let's take things one step/wave at a time. :)

Komen: I just had a look into Bitcoin again.
It seems we are at an intersection where things could turn either Bearish or Bullish depending on the next few hours.
We need to keep above the $8700 support line, otherwise we could head down to $7500.
Current Bullish target is $10,300.

Komen: Looks like #Bitcoin followed the path of my Bearish scenario posted 3-5 days ago.
I'm seeking a short reversal to around the ~$8450 range, followed by one last wave down to ~$7300.
$BTC



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