Bitcoin - I was wrong but now I'm strong!
I worked the hell out of that last count and gave it every opportunity to succeed. But, at the end of the day, it failed. First I got sad, then I got mad, then I got back to work!
This chart is the result.
The triangle is a perfect fit, the WXY fits, and, if we are to continue higher, the current count with Fibonacci confirmation fits. A bounce off the 61.8 or 78.6 at the bottom of the triangle would complete Wave 2 and be a good indication that I am back on the sent of the bear trail. If I catch them I'm hanging another bear head on the wall and putting another bear rug in front of the fireplace!
BBS out.
This chart is the result.
The triangle is a perfect fit, the WXY fits, and, if we are to continue higher, the current count with Fibonacci confirmation fits. A bounce off the 61.8 or 78.6 at the bottom of the triangle would complete Wave 2 and be a good indication that I am back on the sent of the bear trail. If I catch them I'm hanging another bear head on the wall and putting another bear rug in front of the fireplace!
BBS out.
Comment:
Is $17.32 close enough? That is how far off the price was from touching the 61.8 Fib line before bouncing a little. Also, this is right at the bottom of the EMA Ribbon. It looks like a very good place to end Wave 2. Of course things never seem to be that easy lately so we'll just have to watch the price, volume, etc. for confirmation.
Comment:
Do we stop and the target and reverse or keep going? Fingers crossed.......
Trade closed: target reached