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trader_jackson
May 5, 2019 10:10 AM

BTCUSD Nearing End Of Wave (3), Long-Term Long Long

Bitcoin / DollarBitfinex

Description

Short-Term $1000 correction.

It appears we have nearly completed wave (3). As soon as this is complete, expect a ~$1000 correction for wave (4). Between $6000 and $7500 we are in risky territory of wave 1 Circle being complete and a deep correction for wave 2 Circle.

This is really just an update on the linked chart below, so nothing has changed.

Comment

Negative divergence and we are above where wave (3)/(5) or 3 Circle SHOULD end...still haven't seen a (larger) pullback for 4 Circle.

Comment

I still haven't seen a significant enough pullback for wave (4)...we may have only just completed wave (3).

Comment

BTCUSDSHORTS are plummeting (straight down from >32K to 16K), be wary of a significant top.

Trade closed: target reached

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