rwilday

BTC Roadmap

Long
BTCE:BTCUSD   None
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2
Technically, the fibs for wave 1 project BTC ultimately to $2400. The issue is that the wave 2 retrace didn't even stop at the .864 retrace. So, it may be may be this is totally wrong and we are in a bear market. However, if the price action puts in a standard structure from here on out, I'll go with it, always watching for invalidation of this roadmap. Don't say I'm crazy. I'm saying it WILL happen. It's just what the fibs suggest today.

Comments

We can't stay in wave 2 forever, can we:)? And what is the most beloved wave to ride, big time? Wave 3!
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rwilday Petros
Yes sir. Though this maybe is really struggling to get a third of one degree lower than on this chart. Doesn't bode well for immediate bullishness.
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This doesn't reflect time. Though I may attempt to project time as we get more structure.
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Sorry...I'm so bad at typing fast. I'm NOT saying it WILL happen. But if it continues it is probable.
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