BTCUSD short term UPDATE: Bitcoin to 3700 before next drop?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This is an update to my previous short term plot linked below.
I was originally looking for a 12345 impulse to take price up to the 3700 range.
But instead that leg up turned out to be an ABC or a truncated 5.

However, the last leg down does NOT look like an impulse, but more like correction.
Thus my theory of a possible ABCDE, and the trendlines line up nicely for that scenario.
So this abcde could make for a wave 4, in preperpation for one more leg down in wave 5 to come.

My last short term plot:

This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.

First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:

Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:

As it bounced, 4425 came into focus as the big hurdle:

After it topped at 4425, a rising wedge combined with EW waves pointed to a serious pullback:

So now zooming back out to the original large 5 wave impulse, targets are in sight again:
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏

send When you Can
send What you Want
gain Gratitude you Will


Sorry to bother you, having some trouble finding your fib how-to ideas you had posted some time ago. Do you still have those available?
EuroMotif ThankUKind
@ThankUKind, Hello and no bother. I think you mean this Idea in particular
ThankUKind EuroMotif
@EuroMotif, yes i believe that is it, i bookmarked it so i won't need to bother you again for it :D. Thank you!
its failed
EuroMotif etherwhale
@etherwhale, Indeed it failed. Guess it is back to my original plan
Possible. On the other hand.
Looks like 3700 is the key level that was put in on the 25th Nov. Bulls must break it to move up. (I think lol)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out