I believe we have just experienced a rare triple three correction pattern and are looking to go up from this point for the time being.
Comment:
Using my analysis, the only other option that I believe is possible is that we are actually still in correction wave 4, if that is the case, I would see us dropping to $28380-$29240 (best guess would be $28,900-ish) before our 5th wave up to the $32,400 level. Either way, I certainly believe we are gearing up to blast off.
Comment:
All is going to plan so far, however remember, IT IS POSSIBLE THIS IS ALL STILL A CORRECTION FROM THE FIRST IMPULSE WAVE. If this is the case we would expect to still come back to ($28,380-$29,420) and then sky rocketing up. If you are a bull, honestly, THIS IS THE BETTER OPTION. If this happens we are looking at this wave heading to $33,500-34,000 THEN we have another correction and a WHOLE OTHER WAVE UP. I will try to update when this option is confirmed or null and void.
Comment:
Excuse me, I was combining 2 ideas in the last comment, one that we were still correcting and about to begin wave 1 of our next 3 wave impulse wave or that we were about to have a correction up, correction back down (that $28,380 -$29,420 level I talked about in the last comment. I will chart both of those ideas and post an update, which again remember, both are still just a possibility (increasingly likely in my opinion) but still just a possibility.
Comment:
If you move the correction that began on 15th May 2022 and stretch it to actually ending on 12 june 2022 14:00 (or whatever BTC swings low to, as long as X>$25,401.05) and then move the second impulse wave that was beginning 26 May 22 to actually begin 12 June 2022 (or whatever BTC swings low to, as long as X>$25,401.05) WE ARE STILL ON TRACK. That is not to say recent events are not concerning, but as far as EW goes this is not invalidated. At least not until BTC breaks below $25,401.05.
My next target remains $34k for BTC. If we break $25,401.05 this is invalidated.
My next target remains $34k for BTC. If we break $25,401.05 this is invalidated.
