On the previous idea (2) linked to this, we were tracing the Bitcoin price action to be following a corrective wave down ( white ) and were going through it's second leg ( middle ) on friday.
The second leg further grew into a corrective wave of it's own composed of 3 waves itself ( yellow, blue, yellow ) where it appears we can expect a top around Tuesday @ 2PM.
Although it's possible the price action continues as a third leg up ( dashed blue ) It seems to be that would be unlikely based on the current wave structures.
I'm still standing by the theory that we will see our third leg down ( white dashed ) to the 40k area as soon as current corrective wave ends.
To make sure, instead of selling positions to buy the dip, I'll be scaling down instead.
I hope this comes true and we can all take advantage of the opportunities, stay active!
The second leg further grew into a corrective wave of it's own composed of 3 waves itself ( yellow, blue, yellow ) where it appears we can expect a top around Tuesday @ 2PM.
Although it's possible the price action continues as a third leg up ( dashed blue ) It seems to be that would be unlikely based on the current wave structures.
I'm still standing by the theory that we will see our third leg down ( white dashed ) to the 40k area as soon as current corrective wave ends.
To make sure, instead of selling positions to buy the dip, I'll be scaling down instead.
I hope this comes true and we can all take advantage of the opportunities, stay active!
