BTC - Wave 2 Target $8,800
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Whoop! There it is.
So... due to the intersection of a larger trend 0.5 fib, and that old major resistance line coming down from the all time high,
I'm calling the end of Wave 2 @ $8,800. That's my bear call.
It could come up shorter then that, at approx. $9,300, which puts it right at the wick end of wave A,
and in the territory of the previous subwave 4 of ONE. It has to cut thru resistance from that larger trend golden pocket also, so...
that would be my bull call... turns at $9,300
Also guesstimating the top of the B wave right there in that smaller trend golden pocket between the 0.618 and the 0.65 at approx. $10,800.
Good luck traders! Keep breathing and don't panic. Major Wave THREE comes after.
Moon Lambos and all that kine stuff. Stay Happy!
[disclaimer - I am not a financial advisor in any way. I'm a cryptic hipster musician. I do this for fun and to test my learning curve. Just sayin'.]
So... due to the intersection of a larger trend 0.5 fib, and that old major resistance line coming down from the all time high,
I'm calling the end of Wave 2 @ $8,800. That's my bear call.
It could come up shorter then that, at approx. $9,300, which puts it right at the wick end of wave A,
and in the territory of the previous subwave 4 of ONE. It has to cut thru resistance from that larger trend golden pocket also, so...
that would be my bull call... turns at $9,300
Also guesstimating the top of the B wave right there in that smaller trend golden pocket between the 0.618 and the 0.65 at approx. $10,800.
Good luck traders! Keep breathing and don't panic. Major Wave THREE comes after.
Moon Lambos and all that kine stuff. Stay Happy!
[disclaimer - I am not a financial advisor in any way. I'm a cryptic hipster musician. I do this for fun and to test my learning curve. Just sayin'.]
Nota
It looks like maybe we had a double top with waves 3 and 5, which fits with the steep drop we just had, and if the C wave pulls up at the same level as wave A (also the level of the previous wave 4)... we could get a double bottom. As I understand it that could be a bullish indicator?
Penafian
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