What if our all observation is too conservative??!!! And mistaken?!?!
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We will know better when the price will retrace the move in the rectangle if it stops at 88.6-78.2, we are at the same program.
I'll keep updating...
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I've been looking for a flaws in my idea again and agien, and I found something very interesting, as you will see at the pic below, those two impulse wave 5 counts (in the yellow rectangles) by 4hr chart came just after a strong declining in price (red rectangles), it may be a pattern as well, as I said, a correction to 78.2-88.6 fib will be acceptable.
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so, as I can understand the things now bit better, it may be right to conclude that in the day of Bakkt, the price will go up, but it may be a bull trap, that will end in new lowes at the end of the run, exactly as we see at the picture attached above... I'll keep updating
I was looking for errors in your work. Dude can't poke any holes in it. Eerily accurate, I'm tethered but now thinking if you're right, it could hit 13k again!
josque
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@TomPower, I'm doing my best to give an alternative for the common ideas and yet to respect the rules with the theory I followes, thank you for sharing tour thoughts with us... cheers!
m4dpr0ph3ss0r
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Sounds logical to me but on the other hand I can't help but get that feeling of paralysis by analysis.
josque
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@m4dpr0ph3ss0r, Thank you mate, can you please clarify the "paralysis of analysis" ?