Further, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave (iii) of 3 upper is underway.
Wave (ii) may have ended at 2917.14, if so I expect a swift ascent over the coming sessions to suggest an impulse upper is extended, wave (iii).
We can keep the focus up against 24750 in a still-extending wave (iii) of 3,looking for price to aim for the 1.618 projection between waves (i) and (ii).
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Wave (ii) may have ended at 2917.14, if so I expect a swift ascent over the coming sessions to suggest an impulse upper is extended, wave (iii).
We can keep the focus up against 24750 in a still-extending wave (iii) of 3,looking for price to aim for the 1.618 projection between waves (i) and (ii).
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Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
Comment:
Bitcoin probably into an unfinished impulse and we may expect some correction soon
Comment:
Back on track after one week vacation but nothing changed to much and I will start updates with Bitcoin.
Nice consolidation for a flat pattern wave 2, above 29500.1 prior 4th wave, will add credence to the bullish scenario, and suggest wave (iii) of 3 or C upper is underway. So things are looking good if the price remains above 29680.
Above 30476 pivot we may start this wave 3.
Nice consolidation for a flat pattern wave 2, above 29500.1 prior 4th wave, will add credence to the bullish scenario, and suggest wave (iii) of 3 or C upper is underway. So things are looking good if the price remains above 29680.
Above 30476 pivot we may start this wave 3.
Comment:
Looking up for Bitcoin with an 12 12 as the price will not clear 29955
Comment:
ABC correction for a flat with equality between A and C into an important support zone
Comment:
Waiting to complete the 5th wave from the c wave
Comment:
Looking for evidences of a possible end of this consolidation with an ABC flat correction.
Clearing 30457.03 pivot we may see the price turning up for Bitcoin
Clearing 30457.03 pivot we may see the price turning up for Bitcoin
Comment:
Very important moment for Bitcoin as the price failed to clear 30457 level and we may see the price turning into a flat correction for wave 2. Clearing 29525 level we may see the price into a 3rd wave from a C wave of a possible flat correction
Comment:
We would need to see BTC advance above 30457.03 to favor wave ((2)) ended at 29525 as a flat correction.
Clearing 29525 we may see the price turning into an alternative count with a flat correction bigger degree with 3rd wave upcoming from a C wave
Clearing 29525 we may see the price turning into an alternative count with a flat correction bigger degree with 3rd wave upcoming from a C wave
Comment:
Above 24750 we are looking higher.
While price action stays above, we'll allow for a zigzag to unfold in wave (2).
Possible target for wave (2) is 0.5 fib retracement of the wave 1 where we have a cluster of 0.5 fib retracement, 1:1 ratio (a) vs (c) and 2.618 fib extension of wave (1) of wave (c).
While price action stays above, we'll allow for a zigzag to unfold in wave (2).
Possible target for wave (2) is 0.5 fib retracement of the wave 1 where we have a cluster of 0.5 fib retracement, 1:1 ratio (a) vs (c) and 2.618 fib extension of wave (1) of wave (c).
Comment:
Watching for evidences wave (2) ended at 28850.
Clearing 30350.70 may turn the price up
Clearing 30350.70 may turn the price up
Comment:
nothing changed
Comment:
Watching for evidences if wave 2 may be a complex correction
Comment:
Bitcoin must keep 28660.53 and clear 30222 for a potential move to the upside
Comment:
Alternative scenario in play as the price break below pivot point and hits 1.618 fib extension wave (1) vs wave (2.
We are expecting more move to the downside to end wave (5) of (c) an impulse for wave (2) as an expended flat correction
We are expecting more move to the downside to end wave (5) of (c) an impulse for wave (2) as an expended flat correction
Comment:
Below 28552.42 we are looking for a 5 wave structure to the downside to complete wave (5) of wave (C) from wave ((2)) as an expended flat correction. Breaking below 25936.46 will add credence to the 5 wave structure to the downside.
Comment:
As we stay below 25936.46 we are watching for evidences wave (4) ended 0.618 fib retracement of wave (3)
Clearing 25936.46 will add credence that wave (5) of wave C started.
Clearing 25936.46 will add credence that wave (5) of wave C started.
Comment:
As we stay below 26088.88 we allow a triangle to unfold for wave (4) from wave (5) of wave (C).
Looking for a correction to the downside for wave D of the triangle
Looking for a correction to the downside for wave D of the triangle
Comment:
Below 25325.21 we are looking for wave (3) from an extended wave (5) of wave (C)
Clearing 26025.78 wave (2) of wave (5) may extend into 27000 zone.
Clearing 26025.78 wave (2) of wave (5) may extend into 27000 zone.
Comment:
Below 26023 we are looking lower to complete wave (3) of wave (5) of wave (C) of wave (2)
Comment:
Above 24900 and below 28184.89 we are looking for wave C from a flat correction wave (4).
Possible target for wave C and (4) 27823.03 1:1 A vs C form the flat correction.
Possible target for wave C and (4) 27823.03 1:1 A vs C form the flat correction.
Comment:
Watching for evidences wave (2) of wave (5) have ended.
Below 26892.65 and clearing 25763.43 we are looking lower for wave (3) of (5)
Below 26892.65 and clearing 25763.43 we are looking lower for wave (3) of (5)
Comment:
Updated pivots.
Below 27427.34 still looking lower for a 5th wave and its time to go for it as this 4th wave exceeds the 4x limit of wave 2 in time.
Looking for a decisive break below 26382.13
Below 27427.34 still looking lower for a 5th wave and its time to go for it as this 4th wave exceeds the 4x limit of wave 2 in time.
Looking for a decisive break below 26382.13
Comment:
This is an alternate count, the bullish scenario and clearing 28184.89 we may see Bitcoin into an impulse to the upside.
Probably 5th wave from the wave (C) ended 24900 into the middle of the channel also we see that price had exit form the channel.
Probably 5th wave from the wave (C) ended 24900 into the middle of the channel also we see that price had exit form the channel.
Comment:
As the price stay above 25753.51 and clears 26731.10 we are looking up for wave (3)
Comment:
Below 28613.37 we are looking to the downside for a zigzag correction wave (2) of second 12 sequence. Invalidation pivot 25983.78
Comment:
Below 28140 we are looking to the downside for wave (C) of (2) of second 12 sequence. Invalidation pivot 25983.78
Comment:
As the 28613.37 pivot remain intact Bitcoin is still bearish.
Below 28288.88 we are looking to the downside after a flat correction for wave (b) or (ii).
Below 28288.88 we are looking to the downside after a flat correction for wave (b) or (ii).
Comment:
Bitcoin must keep 25983.78 to keep upside count and 12 12 scenario valid and now is time. If it will fail it's risking to open the door to more downside.
Comment:
Triple 12 12 12 for an impulse to the upside for Bitcoin with invalidation pivot 30000
Comment:
Triangle corrections 4th wave and we are expecting to go up for 5th wave from 3rd 12
Comment:
Above 34100 we are looking to the upside to complete the 5th wave of red count with possible target 1:1 ratio wave 1 vs wave 5 (36729.59)
Comment:
Above 35178.65 we are looking to the upside to complete last wave (5) (blue count) to the upside. It is also possible that wave 3 (Black Count) ended up at 37999 as it fits well with 2.618 fib extension of wave 1 and we continue more to the upside.
Price is near 1:1 ratio 1st impulse vs 2nd impulse as the price is coming into a heavy volume zone.
We have some options here for this 2nd impulse
- to be wave C from an ABC zigzag but wave C usually is more shallow than wave A and now we have a more impulsive price action.
- to be an wave 1 from wave 3
-to be wave 3 equal with wave 1 and than to have a 5th wave extended
Price is near 1:1 ratio 1st impulse vs 2nd impulse as the price is coming into a heavy volume zone.
We have some options here for this 2nd impulse
- to be wave C from an ABC zigzag but wave C usually is more shallow than wave A and now we have a more impulsive price action.
- to be an wave 1 from wave 3
-to be wave 3 equal with wave 1 and than to have a 5th wave extended
Comment:
Alternative count of my previous update, things don`t change too much
Comment:
Updated the count and this fits better and Bitcoin may be into his last move to the upside from this second impulse
Comment:
Above 35633 we are looking to the upside for a possible last move before a major correction
Comment:
Above 38480 we are looking to the upside for this 3rd wave advance, red count with possible target 41500 - 42000
Comment:
Ongoing 4th wave (red count) correction after price hits 2.618 fib extension into black count. Moved invalidation level for this count at 39293.02
We are still expecting the price to continue his move to the upside for the near term after will finish this 4th wave.
We are still expecting the price to continue his move to the upside for the near term after will finish this 4th wave.
Comment:
Watching for evidences if Bitcoin toped at 45000 or we have an expanded flat correction and it will continue to the upside
Comment:
Bitcoin rejected into 1.272 fib extension of the 1st impulse.
We are taking into consideration a 5th of the (5) wave truncated at 44754.99.
Clearing 40150 pivot we are looking to the downside for an ABC correction but we are not excluding a deep correction and we may see a wave 3 after clearing the pivot.
We are taking into consideration a 5th of the (5) wave truncated at 44754.99.
Clearing 40150 pivot we are looking to the downside for an ABC correction but we are not excluding a deep correction and we may see a wave 3 after clearing the pivot.
Comment:
Expecting to end a five wave structure, wave ((3)) into 1:1 equality wave ((1)) vs ((3)) somewhere at 50000 USD
Comment:
Watching for evidences if wave ((4)) was an expended running triangle. Clearing 45555.5 may see Bitcoin to continue his move to the upside. Invalidation below 41444.97.
Also this pattern can be an ending diagonal wave (5) of ((3)).
Also this pattern can be an ending diagonal wave (5) of ((3)).
Comment:
On the log scale Bitcoin is more looking like a 12 12 formation.
We are expecting to end wave 2 of the second 12 into 0.5 or 0.618 fib retracement where we can see also more volume traded.
We are expecting to end wave 2 of the second 12 into 0.5 or 0.618 fib retracement where we can see also more volume traded.
Comment:
Above 38501 we are looking for an ABC correction zigzag to finish wave B from a bigger degree ABC correction, wave (2)
Comment:
Above 43872.99 we are looking to finish a 5 waves structure, wave 3.
Possible retracement for wave (4) of wave ((5)) of wave 3 0.382 - 0.5 fib retracement.
Possible retracement for wave (4) of wave ((5)) of wave 3 0.382 - 0.5 fib retracement.
Comment:
Logscale count!
Impulsive price action add credence to the bullish scenario, and suggest wave (iii) of 3 upper is underway.
Clearing 38501 will invalidate the count.
Impulsive price action add credence to the bullish scenario, and suggest wave (iii) of 3 upper is underway.
Clearing 38501 will invalidate the count.