Outcome of the Shiff that defined entire 7 months of correction so far (I drew this in August and published this to you in October):
The Idea form October is linked!!!
First touch: 9k and price up to 10k
second touch: 10100 and price down to 9300
third touch: 11000 and price down to 9050
at this point I drew the slightly increasing lower support
fourth touch: around 12300 and price down to 9450! I shorted 12321 myself and told people in the Bitmex Trollbox I aimed for 7250 as 0.618 of entire impulse wave, they called me insane.
fifth touch: 11000 and down to 9750
sixth touch: 9750 and up to 10700
seventh touch: 10700 and down to my support at 9300
then it makes 7 touches in a row where you can make almost 10% of each bounce
16th and 17h touch: 7700 and up to 8550
18th touch: 8550 and down to 7750
then it makes 5 touches in a row but only about 5% to be made from them
24th touch: 9400 and down to 6800!!! I took it to 8600
25th touch: 6800 and up to 7900 I took this one as well
26th touch: 7700 and down to 7050
27th touch: 7500 and down to 6900 Told the Bitmex trollbox once again
then 6800-6900 (FIB range aka golden pocket) took it and told trollbox
then a break of the upper trend line!!! Told trollbox if we close daily above 7400 it will continue to 8500 minimum
then 8470 (FIB) took it and told trollbox
7450 would be 0.618 FIB of the second leg up from 6850 to 8450
8900 would be the 0.618 FIB of the downwards move from 10500 to 6400, with the golden pocket reaching till 9100.
A daily clos above 9100 would i.m.o. negate any possibility that the correction bottom is not yet in.
Ideally though I would say that we get stopped at the 8900 to 9100 area to go for a last leg down reaching 5400 being the 0.786.
Now most poeple I talk to in the Bitmex Trollbox believe me instantly, which is not a good sign because DYOR. However, some people still call me mentally ill when showing them how it works, which is too bad for them...