Bitcoin , will it break 12.5K or not? Update 4
Telah dikemas kini
Everything seems to be going as planned and predicted.
the triangle is broken and we are in wave 5.
I personally don't think it can break the 12.5k level for couple of reasons
1- it is a fibo level
2- it is a resitance level
From the RSI and detrended price oscillator ( DPO ) point of view we are close to an important resistance level:
I might not short it but I will close my position on that level for sure and wait for a pullback.
I don't think RSI and DPO can break the resistance level as we are already close to oversold area
I will keep you update under this post for the whole next week :)
the triangle is broken and we are in wave 5.
I personally don't think it can break the 12.5k level for couple of reasons
1- it is a fibo level
2- it is a resitance level
From the RSI and detrended price oscillator ( DPO ) point of view we are close to an important resistance level:
I might not short it but I will close my position on that level for sure and wait for a pullback.
I don't think RSI and DPO can break the resistance level as we are already close to oversold area
I will keep you update under this post for the whole next week :)
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I updated the wave countNota
the previous chart was 5min onethis is the 30 min chart and the expect target of wave 5
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Went exactly as predicted :)Nota
I am expecting this wave count to happen.we are on wave A of the bigger correction
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wave C was much smaller than what I toughtthis is the road map
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I add double scenarios on the chart, these 2 option can happen and I have added the count for each one
Blue: the correction is over and we are in wave 5
Yellow: the correction is not over yet
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complete correction wave count Nota
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the assumption of 5 was is invalidated now because we hot wave 1:so it an abC.
the possible wave count :
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the 5min chartNota
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this is the 30 min chartNota
this is the 30min chartNota
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I just realised I missed one wave :D. the uptrend is over nowNota
we hit the invalidation level for down trend we will be still in correction
still bearish but we are in the correction
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possible scenario ?Nota
I am short Dagangan ditutup: sasaran tercapai
Job done :)see you next week
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Dagangan ditutup: sasaran tercapai
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