BTCUSD fib trend or hype fib target long term if hold above 8300
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so now everybody is talking about btcusd falling
so what now:
we shall fall more to finish corrections, max. above 8300, then we go up for wave 5, targets are purple ones
brief back thinking summary:
1. big pic playing. wave 1 can be that top around 8300 or 8900
2. this chart was made based on condition wave 1 @ 8300 area
3. we are on wave 4 - zigzig OA=BC, targeting around 9000-8600, coz wave 1 and wave 4 can't overlap, so max. can't fall below 8300
4. if we hold above 8300 and this is the big picture played out, then purple lines are potential targets based on fib trend and hype fib levels plays out
5. if wave 4 is more complicated, then expect wxyxz playing
so what now:
we shall fall more to finish corrections, max. above 8300, then we go up for wave 5, targets are purple ones
brief back thinking summary:
1. big pic playing. wave 1 can be that top around 8300 or 8900
2. this chart was made based on condition wave 1 @ 8300 area
3. we are on wave 4 - zigzig OA=BC, targeting around 9000-8600, coz wave 1 and wave 4 can't overlap, so max. can't fall below 8300
4. if we hold above 8300 and this is the big picture played out, then purple lines are potential targets based on fib trend and hype fib levels plays out
5. if wave 4 is more complicated, then expect wxyxz playing
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there are 2 charts for ideas shared in this post, do your own analysisNota
still did not breakup from the MANota
close look price pattern from \the 2nd idea shared above Nota
wave countings in the big wave C.targets: 8800/8900 or 8400:
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if the correction runs like this, then target 8kNota
If go up, continue the possible pattern drawn above.If we fall down from the trendline, then directly down to 8500.
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another scenario is that we may consolidate there for some time then going to reach 8500 in about 72hr.Nota
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be care of if trend reversal:Nota
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