Bitcoin is going below $3,000 but how do we get there, 2 options
I this post I will layout where I believe we are, where we are going, what evidence I see, and the two ways we can get there. Keep in mind no one knows exact numbers or exact scenarios but the evidence is starting to mount and I will lay it out for you so you can make the decision.
My main premise is that we are in a fourth wave correction. I made a post about this earlier this week and your welcome to take a look at that chart in my idea section.
First chart above is the my main scenario. I presented this idea a few days ago and to this point we have hit both targets I laid out. The main point from this chart and the main evidence we can see for further correction down below $3,000 is the 1:1 line at $6500. If we go this low tonight then we have most likely just completed wave 3 in the large C wave that started at $11,680. Wave 5 will then take us to a min. of $3,020. (This is the .618 of the A wave $20,000 - $5,900)
I will continue to add charts below so you can see why I believe this
Thanks for taking a look, this information is my ideas for my trades and is not intended as advice for your trade strategies. Any feedback is always welcome. Good luck to you traders.
My main premise is that we are in a fourth wave correction. I made a post about this earlier this week and your welcome to take a look at that chart in my idea section.
First chart above is the my main scenario. I presented this idea a few days ago and to this point we have hit both targets I laid out. The main point from this chart and the main evidence we can see for further correction down below $3,000 is the 1:1 line at $6500. If we go this low tonight then we have most likely just completed wave 3 in the large C wave that started at $11,680. Wave 5 will then take us to a min. of $3,020. (This is the .618 of the A wave $20,000 - $5,900)
I will continue to add charts below so you can see why I believe this
Thanks for taking a look, this information is my ideas for my trades and is not intended as advice for your trade strategies. Any feedback is always welcome. Good luck to you traders.
Comment:
Comment:
This is a 4th wave correction Bitcoin made just before it topped. I believe this is the wave pattern we are currently seeing unfold.
Comment:
Comment:
This is my secondary scenario for tonight with a target around $7200.
If we only go this shallow most likely BTC will be targeting $13,000 in a C wave corrective wave that will look just like a 5 wave structure.
If we only go this shallow most likely BTC will be targeting $13,000 in a C wave corrective wave that will look just like a 5 wave structure.
Comment:
Comment:
This is an example of the wave pattern of the second scenario.
The main thing to keep in mind is in a 4th wave correction the C wave has to come on way or another.
The main thing to keep in mind is in a 4th wave correction the C wave has to come on way or another.