BTC - long 11000-12000

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good luck
buy if breaking 1-b trendline,
buy in green zone, it is very likely C-wave wont retrace all of wave-A since b-wave is higher than A, this is generally a bullish sign.
Comment: Wave-3 will most likely end at 10000$ but i can see this go all the way up to 12000$ in wave 5, but gotta wait and see how wave 4 unfolds first, cheers
Comment: we got a new buy signal for btc, Now since wave-1 was extended, it would make sense that wave-3 is the subdivided one, which means that we may have completed wave-1 of wave-3 and are inside wave-2 of wave-3

Comment: if we touch the (2) trendline, then we probably wont go above blue zone,
if we dont touch it, and bypasses blue zone, we will probably go much higher, if not then that could signal end of wave-5 of the entire move, and we start dropping

Comment: This was end of wave-3, getting an quick C-wave now before a weak 5-wave and then retracement down to (2) area

Comment: if we reach blue box in this correction, we probably formed an 5th extension terminal impulse and heading to 12000$
Comment: wem are at red line right now, if we dont manage to break it then BTC might not go any higher for atleast a few more days, so be careful
Comment: careful


much appreciated!
+1 Reply
thanks for sharing the idea ...
+1 Reply
Great stuff, thx :)
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Can one relax after 9393.8 ? ... at least for a short time ?
nissemelk birchgrove
yes mate, also if Rsi goes higher than wave (3), Then the whole pattern from wave 2 to wave-5 is a wave-3 itself, im just stating that there is a possibility that this could reverse there, cheers
+1 Reply
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