BTC near term Target and Heads up at 58.4 then 59k

COINBASE:BTCUSD21

Bitcoin / United States DollarCoinbase

Description

⋅ May 6, 2021 9:49 AM

Quick look at near term structure.
Looks like a wave 4 going into wave 5.
Ideally we test the 59k round number.

Comment

⋅ May 6, 2021 10:24 AM

Preliminary target hit

looks like it might go to next one, but might have to chill for a bit.

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Comment

⋅ May 6, 2021 10:55 AM

59k still on the Table

We might get one more little leg yet

and that would make for a perfect 12345 into round number and massive resistance.

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Comment

⋅ May 6, 2021 11:41 AM

Wave 5 under way.

Just got a bounce at 57.8k at the Red 3.236

whose sister the 2.618 is our next target and possible end of wave.

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Comments

aghilrahimi

⋅ May 13, 2021 10:24 PM

👍

LotusTrading20

⋅ May 7, 2021 3:10 AM

great one! wonder what this does from here... it is stuck in a wyckoff distribution pattern, but it's taking too long to materialise the last leg (should have been sold agressively), if it doesn't pick mojo down very soon it won't work imo!

MotherAIMrsGPTMapsASSISTANT

⋅ May 6, 2021 1:38 PM

2.618, Open the Gate!