jmaing
Long

Wave 3 Theory: If we can hold above 8.2K today

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Just an idea if we can hold above 8.2K today and validate the hammer candle. Could be start of a wave 3 instead of the end of a wave E. TD Sequential sell signal upped itself two days ago - so I assume we on't be making it to the bottom of the double top I previously shared. Based on prior trend, Bitcoin hasn't gone far below this sell floor of the TD Seq . If it does, it'll probably be temporary to $7.2k, then quickly head back up in a day or two.
Mar 16
Comment:
A closer screenshot so you can see the td seq. sell signal
Mar 16
Comment: It's the three little dots below the latest three candles.
Mar 16
Comment:

We held above the 8.2K mark on the daily candle close. To make it even stronger that we are headed up, there is a strong bullish divergence on the RSI.
Mar 17
Comment: Bears don't appear to be out yet. Still getting held down, the bears want their cut of the "double top" 7k target pie before we hesd up. Let's wait and see if they get their cut or they are just getting teased by the bulls.
Mar 19
Comment: So far so good, we reached 13 count yesterday's candle. Today has started with a td-count of 1. Could be on our way up, I'd wait for confirmation above 8.35k before entering, unless you're a long term holder. Potential for temporary drop to 7.2k still exists and will continue to exist for the coming days.
Mar 22
Comment: Seems to be a consensus among analysts that we are trying to target the 10K mark. So far, we're on track based on my theory. For this idea to hold true, we need to break past 12K though...so my idea isn't confirmed just yet. I'll continue to update as we go.
Apr 04
Comment: Nope. Not a Wave 3. Just sad ol' Bitcoin...
Apr 04
Comment: This is why I labelled this as just a "Theory". My hopes and dreams just crushed, lol.
Bears don't appear to be out yet. Still getting held down, the bears want their cut of the "double top" 7k target pie before we hesd up. Let's wait and see if they get their cut or they are just getting teased by the bulls.
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