Bitcoin Triple Combination finale targeting $5500 feb 2020
The rejection from $9400 has shown a continuation to the bearish trend.
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale
Komen:
Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points)
Komen:
Channel was moved by mistake
Komen:
Thinking we might see a triangle here before the last big move down which I think will be more drawn out compared to the rest of the correction
Komen:
Estimating a relief bounce to 7640
Komen:
Thinking we need to scrap along bottom of channel before bounce
Komen:
Target reached.
Looked at my fib retracement again I should of estimated $7662 but close enough :)
Now I think we make that triangle before the last drop before the bull market
Looked at my fib retracement again I should of estimated $7662 but close enough :)
Now I think we make that triangle before the last drop before the bull market
Komen:
Current Estimate
Komen:
Komen:
Triangle Estimate
Komen:
Feeling my triangle estimate is too compacted
Alternate estimate
Alternate estimate
Komen:
Current Estimate
Komen:
Current Estimate
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600
Komen:
Still my current estimate
Not my normal way of placing a Gann fan
but it seem to line well so a good test for me
Not my normal way of placing a Gann fan
but it seem to line well so a good test for me
