As you know, Bitcoin took a dive and took everything with it. ALGO was running at its own pace until the last day or so. But we also knew that a serious correction was over due.
Plotted are two possible pathways for the next leg down. Correction MAY be done, but I see a wave (3) needing a (5). If it gets past the bottom of wave (1) then correction DONE.
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See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
(still in play) (near perfect plot) (near perfect plot) (Near Perfect target, easy trade) (instant Profits, no drawdown) (caught the EXACT bottom) (PERFECT targets, massive profits) (200% gain, Perfect target) (massive Profits, short wait) (massive Profits, instant Win) (Perfect Target, take profits) (caught the spike) (caught the EXACT top) (massive Profits, breakout entry) (great entry, massive profits) (EXACTLY on time)
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Nice recognition and navigation through the first Resistance zone This confirms the next zone will also be relevant. Have pulled stop loss to just below this zone, targeting the next zone above.
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Oops, looks like I missed or did not give enough credit to the zone which is actually acting as resistance the two red 4.236's in tight confluence might be the strong band around here...
Might need too adjust my zones accordingly (pay more attention to x.236 lines).
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Adjusted the resistance band and Red ABC path lets see if it plays out anything like that red path, which now ends higher than original plot, and at the same point as the Blue path. (dont like that but if we get to blue 4 maybe more clues will be available by then).