I don't like to speculate too much, thus I am very cautious when mentioning
anything further than a few days from now on into the future.
This idea was born as an answer to the question pitched
by fellow trader - nickrandy1. Respect!
Simply two charts. The #1 major reason why we are going sky up
is mapped above - the FINISHED correction model xyzwxyzwxyz
(or wyxzwyxzwyx, if it is more comfortable, doesn't matter).
Divergences lie, channels lie, SMAs lie, voodoo-doll-forecasting lies as well.
But this market looooves following the same proportions again and again.
And the same correction models are observed over and over.
The chart is screaming in our faces with accumulated groups of
1-2-1-2-1-2 waves(initial waves group, expecting multiple impulses on
multiple timeframes). We are slowly but STEADILY moving up
towards the Papa Ponzi's Pump(PPP) that may inflate btc hundreds percent!
9k? silly target, 100%!
10.5k? reasonable.
11.5k? good for the third target.
14k? smart to save some btc, it may pump further...
24k and even further.... (I am very skeptical on this. 11.5k sell -
the way to do it)
Yeah, btc may die in 5-20 years, but people live in the day.
Until that moment this beautiful inflation bubble
is easily pumped more and more and more. And no one is able
to stop it!
A perfect opportunity...
If it goes as planned, this is just the end of the very first
accumulation phase, out of the three expected. (1-2- , 3-4- and 5-)
Consider the m30 chart:
We can treat the waves (since 3 Jan) on 30m chart
within the boundaries of the Wave Theory as some fully formed 1-2-1-2- legs
or a 1-2-3- part of the unfinished 12345 impulse...
and the 3- third wave is just getting started in any case!
The 3rd wave (starts in a few days already?) should be
the longest one ;) out of all three expected to form
in the case of bullish scenario playing out.
The previous 4k impulse:
Now look at the current chart:
Anyway it is reasonable to assume,
that 8700 9k, 9.5k, 10.5k, 11.5k and even 14k - all are
good targets for the next few weeks.
New bottom is definitely less probable
than some new highs right now.
We are in the bullish territory, 100% confirmed.
Notice the death confirmation level - 6767.
Anything below promises a 100% death for the Rally
and starts a new bearish trend for the following weeks.
So if we're trading above 6767 - there's
still a chance for the Rally. This number is defined
with respect for the very base principle of the Wave Theory -
wave #2 never retraces 100% or more of the wave #1 height.
The next few days may get very tense,
volume-wise =). Be safe, stay bull.
P.S. Fellow trader, fire that "like" button if agree ;)
anything further than a few days from now on into the future.
This idea was born as an answer to the question pitched
by fellow trader - nickrandy1. Respect!
Simply two charts. The #1 major reason why we are going sky up
is mapped above - the FINISHED correction model xyzwxyzwxyz
(or wyxzwyxzwyx, if it is more comfortable, doesn't matter).
Divergences lie, channels lie, SMAs lie, voodoo-doll-forecasting lies as well.
But this market looooves following the same proportions again and again.
And the same correction models are observed over and over.
The chart is screaming in our faces with accumulated groups of
1-2-1-2-1-2 waves(initial waves group, expecting multiple impulses on
multiple timeframes). We are slowly but STEADILY moving up
towards the Papa Ponzi's Pump(PPP) that may inflate btc hundreds percent!
9k? silly target, 100%!
10.5k? reasonable.
11.5k? good for the third target.
14k? smart to save some btc, it may pump further...
24k and even further.... (I am very skeptical on this. 11.5k sell -
the way to do it)
Yeah, btc may die in 5-20 years, but people live in the day.
Until that moment this beautiful inflation bubble
is easily pumped more and more and more. And no one is able
to stop it!
A perfect opportunity...
If it goes as planned, this is just the end of the very first
accumulation phase, out of the three expected. (1-2- , 3-4- and 5-)
Consider the m30 chart:
We can treat the waves (since 3 Jan) on 30m chart
within the boundaries of the Wave Theory as some fully formed 1-2-1-2- legs
or a 1-2-3- part of the unfinished 12345 impulse...
and the 3- third wave is just getting started in any case!
The 3rd wave (starts in a few days already?) should be
the longest one ;) out of all three expected to form
in the case of bullish scenario playing out.
The previous 4k impulse:
Anyway it is reasonable to assume,
that 8700 9k, 9.5k, 10.5k, 11.5k and even 14k - all are
good targets for the next few weeks.
New bottom is definitely less probable
than some new highs right now.
We are in the bullish territory, 100% confirmed.
Notice the death confirmation level - 6767.
Anything below promises a 100% death for the Rally
and starts a new bearish trend for the following weeks.
So if we're trading above 6767 - there's
still a chance for the Rally. This number is defined
with respect for the very base principle of the Wave Theory -
wave #2 never retraces 100% or more of the wave #1 height.
The next few days may get very tense,
volume-wise =). Be safe, stay bull.
P.S. Fellow trader, fire that "like" button if agree ;)
Trade active:
Dear passengers, a little bearbulence is expected during the lift off. Please don't panic, if we're trading above 6767 - The Rally is still alive. If above 7700 - THRIVING, no one can shoot us down!
Trade active:
Looking nice... forecast is paying off!
