No this title isn't clickbait - I think I genuinely figured out what the pitchfork is going on around here.
>I might be late to the pawrty, but from my perspective, I am right on time ;).
That odd move from 6\22~7\4 seriously threw me off, and I bet I wasn't the only one who was caught off guard by that peculiar structure.
It was a leading diagonal 😅!
I spent so many hours trying to figure out what in the world this uncanny formation was, and it wasn't until this evening that I decided to just scrap all my old charts and start with a new perspective. I was looking at the ETH chart, looking for some clues... When it all clicked, and everything just came together effortlessly. That move on ETH from 6\22~7\7 was a leading diagonal (It is a lot more pronounced on the eth chart, and was a lot more difficult to spot on the btc chart unless you were genuinely looking for it).
Lessons were learned on this night.
-----
As for the argument that we saw 5 waves down from 64k - Let's call it a WXYXZ. All of the measurements check out flawlessly, and it's one of the more complex structures in the book. I see btc pulling wxyxz's on the minute time frames all the time. The algos are pre-programmed to mess with us, and I think that's genuinely what this is.
-----
Watch for this last sub-fifth wave to complete at 49.5k (123.60% extension) to put in Wave (1) of our bull run.
From there we see a 0.618% (gz) retracement, to retrace this entire move that started in June down into Wave (2).
The golden zone perfectly aligns with the bottom of our pitchfork perfectly, as well as the midline of the bull channel we've created in March of 2020.
Wave 1 target = 49.5k
Wave 2 target = 34k
Wave 3 target = 84k
Wave 4 target = 60k
Wave 5 target = 108k
here's a visual representation of the bull channel:
---------
also here's the same idea posted on 7\23
Ps. I knew deep down that this rally was real, but I always try to look for alternative scenarios just in case. This is the one and only as of today, and it is my primary going forward. Once that Wave (2) is in, I'm going long \ hodl'ng everything & never looking back.
100k by christmas eve, calling it right now 🎄
>I might be late to the pawrty, but from my perspective, I am right on time ;).
That odd move from 6\22~7\4 seriously threw me off, and I bet I wasn't the only one who was caught off guard by that peculiar structure.
It was a leading diagonal 😅!
I spent so many hours trying to figure out what in the world this uncanny formation was, and it wasn't until this evening that I decided to just scrap all my old charts and start with a new perspective. I was looking at the ETH chart, looking for some clues... When it all clicked, and everything just came together effortlessly. That move on ETH from 6\22~7\7 was a leading diagonal (It is a lot more pronounced on the eth chart, and was a lot more difficult to spot on the btc chart unless you were genuinely looking for it).
Lessons were learned on this night.
-----
As for the argument that we saw 5 waves down from 64k - Let's call it a WXYXZ. All of the measurements check out flawlessly, and it's one of the more complex structures in the book. I see btc pulling wxyxz's on the minute time frames all the time. The algos are pre-programmed to mess with us, and I think that's genuinely what this is.
-----
Watch for this last sub-fifth wave to complete at 49.5k (123.60% extension) to put in Wave (1) of our bull run.
From there we see a 0.618% (gz) retracement, to retrace this entire move that started in June down into Wave (2).
The golden zone perfectly aligns with the bottom of our pitchfork perfectly, as well as the midline of the bull channel we've created in March of 2020.
Wave 1 target = 49.5k
Wave 2 target = 34k
Wave 3 target = 84k
Wave 4 target = 60k
Wave 5 target = 108k
here's a visual representation of the bull channel:
---------
also here's the same idea posted on 7\23
Ps. I knew deep down that this rally was real, but I always try to look for alternative scenarios just in case. This is the one and only as of today, and it is my primary going forward. Once that Wave (2) is in, I'm going long \ hodl'ng everything & never looking back.
100k by christmas eve, calling it right now 🎄
