user100000
Long

wave a of 5 target

BITFINEX:BTCUSD   Bitcoin / Dollar
396 7 4
i have two prelim targets for the end of wave a of 5 depending on where (iv) ends (it might need updating). a more conservative target is 306 which is where wave fives more commonly end (61.8% of 1~3). i have another target of 324 if wave (v) extends 100% of (1~3). i like 324 because it's close to the ideal 320 target and has the right look ending near the ((i)) to (( iii             )) connecting line but not actually touching
rivet.popper
2 years ago
Thanks for this. Hope we can reach 320 within 24 hrs so maybe we can make some headway towards the ATH this month.
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user100000 rivet.popper
2 years ago
sadly, i don't believe there is enough time for an all time high this month. a more realistic target is 408 which ends the wave (1) expanding leading diagonal some time around march 27. we have to wait for wave (3) for the price action to go parabolic
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rivet.popper user100000
2 years ago
When does wave (3) begin?
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user100000 rivet.popper
2 years ago
after the wave (2) correction ends. wave (2) may take 1/3 of the time it took to form the expanding diagonal (from 166 to ~ 408)
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rivet.popper user100000
2 years ago
So we're talking this summer for an ATH? Sweet!
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user100000 rivet.popper
2 years ago
ATH is not even a concern. the expanding diagonal pattern requires wave 5 to take out the ATH and reach minimum target of 1250 if i remember correctly. im more focused on 4800 target and how we get there
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Balancepumps rivet.popper
2 years ago
user100000 is always with two accounts?
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