BTCUSD - FURTHER SHORT TERM WEAKNESS IN STORE WITH TARGET OF 210
I wish to update the last chart I publish little over 2 weeks ago with suggestion that 210 could be potential downside target.
Well we are progressing well towards that target though the price action is little puzzling in that the counts are not conforming to what we anticipated.
This will require review of price action since 150 low and feel we could have larger wave 4 retracement to upside still in progress as shown in our roadmap we have been following for sometime on Daily time frame.
Therefore, the review of what happens once we drop to 210 zone will be of great interest and will explain this in subsequent charts and may be a recording.
For now I trust this will be of interest to you
Disclaimer: All of my work above could be completely wrong, so please use or disregard it at your discretion.
As, always please do your own analysis for your requirement. Select to follow me and the charts for notification of any updates. If you like the analysis show this by thumbs up and constructive comments or alternative ideas for all to learn from.
Thanks for taking the time to view my analysis.
DanV
danv-charting.com
Well we are progressing well towards that target though the price action is little puzzling in that the counts are not conforming to what we anticipated.
This will require review of price action since 150 low and feel we could have larger wave 4 retracement to upside still in progress as shown in our roadmap we have been following for sometime on Daily time frame.
Therefore, the review of what happens once we drop to 210 zone will be of great interest and will explain this in subsequent charts and may be a recording.
For now I trust this will be of interest to you
Disclaimer: All of my work above could be completely wrong, so please use or disregard it at your discretion.
As, always please do your own analysis for your requirement. Select to follow me and the charts for notification of any updates. If you like the analysis show this by thumbs up and constructive comments or alternative ideas for all to learn from.
Thanks for taking the time to view my analysis.
DanV
danv-charting.com
