Quick follow up on the previous projection for the Bitcoin price action based off Fibonacci levels, patterns in time and basic wave market structures.
So far the Bitcoin price action has been following the path projected on previous idea.
At this very moment it appears to be reaching the end of the second leg inside our main leg down towards the ~40k area forming a head and shoulders pattern.
This is projected to be reaching the max bottom by Monday - Tuesday at which point it will be blast off to the moon until mid April-ish.
I expect my price targets on BTC related stocks to hit before bottom and plan to take action before the 44k area to ensure my entries.
I'm looking to average down in MARA entry levels near 20 and ARBKF 2.5.
If this does happen it will also be a great time to buy April / June call options at an incredible price.
These resistance levels and waves are good guides but the actual events are unpredictable,
so make sure to average in your positions and take advantage of these delicious dips!
Small stop back to earth then blastoff to the moon, see you there!
So far the Bitcoin price action has been following the path projected on previous idea.
At this very moment it appears to be reaching the end of the second leg inside our main leg down towards the ~40k area forming a head and shoulders pattern.
This is projected to be reaching the max bottom by Monday - Tuesday at which point it will be blast off to the moon until mid April-ish.
I expect my price targets on BTC related stocks to hit before bottom and plan to take action before the 44k area to ensure my entries.
I'm looking to average down in MARA entry levels near 20 and ARBKF 2.5.
If this does happen it will also be a great time to buy April / June call options at an incredible price.
These resistance levels and waves are good guides but the actual events are unpredictable,
so make sure to average in your positions and take advantage of these delicious dips!
Small stop back to earth then blastoff to the moon, see you there!
Comment:
It appears the corrective wave we traced was only the beginning of the leg and further developed into a corrective wave of itself in lower timeframes. It now appears we can expect the top of this corrective wave around Tuesday at 2PM before expecting the beginning of the main leg down - I'll post a new Idea where I can attach a screenshot with updated lines
