Hi there,
I tried to show my charts on a larger scale but it's so terribly parabolic we'd rather retrace now. Here's where I think we are.
Our plan is still working perfectly and everything's moving faster than ever: we've got our yellow wave 4 done yesterday/last night, and we're now busy pumping wave 5 of yellow 5's pink subcycle (main target: $43,741). With the yellow one (main target: $44,142), light green cycle will end (target is 261.8% at $44,304), the darker green one (in extension well over its targets) and thus should most likely find its end the big wave III of the cycle begun in March 2020 (also largely extended).
Given the very mild wave II of that blue cycle, I expect wave IV to be pretty strong: I expect BTC's price to drop to 50% ($26,666) or 61.8% ($22,522) correction. I wouldn't open a short still, nor take full profits so far, given BTC's extreme strength we might overgo our targets as we've been doing on larger scales. Keep your stop loss close anyway and expect rivers of blood to appear on the charts (we haven't been seeing much for a while).
Trade safe.
I tried to show my charts on a larger scale but it's so terribly parabolic we'd rather retrace now. Here's where I think we are.
Our plan is still working perfectly and everything's moving faster than ever: we've got our yellow wave 4 done yesterday/last night, and we're now busy pumping wave 5 of yellow 5's pink subcycle (main target: $43,741). With the yellow one (main target: $44,142), light green cycle will end (target is 261.8% at $44,304), the darker green one (in extension well over its targets) and thus should most likely find its end the big wave III of the cycle begun in March 2020 (also largely extended).
Given the very mild wave II of that blue cycle, I expect wave IV to be pretty strong: I expect BTC's price to drop to 50% ($26,666) or 61.8% ($22,522) correction. I wouldn't open a short still, nor take full profits so far, given BTC's extreme strength we might overgo our targets as we've been doing on larger scales. Keep your stop loss close anyway and expect rivers of blood to appear on the charts (we haven't been seeing much for a while).
Trade safe.
Dagangan ditutup: hentian tercapai
I got something wrong. Please forget the pink count and everything under it.
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Penerbitan berkaitan
Penafian
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.