Just A Totally Normal BITCOIN Chart - Nothing Special About It!
Hello Dear Friends!
Yesterday I gave you 2 scenarios - a blue, and a purple one. I was right, when I said, that the blue bearish idea, was most likely to play out. Let's now take a look at this new 4H BTCUSD Chart!
We tried for a long time to get that 3rd purple Elliott wave going, but we never managed to do so. The bears were too strong. As you can see that the failed wave attempt has now become part of the 535-ABC Correction. We are right now on the C-wave.
I want you to pay attention to the descending wedge we are in. You can expect, that we will break out around the yellow circle which is equal to between 50% - 61,8 % retrace.
Honestly I don't think, that this break out will allow us to restart a new Elliot Wave Cycle. We probably have to go lower. At least 78,6 % retrace (around 7,500 USD) or even down to the double bottom at around 6,000 USD.
But for now, you expect we will have a break out from the wedge in the yellow circle!
D4 loves you <3
Once again. Thank you for the love and support in the comments, and on PMs and Twitter. It really means a lot to me. And please remember to give a LIKE :)
Yesterday I gave you 2 scenarios - a blue, and a purple one. I was right, when I said, that the blue bearish idea, was most likely to play out. Let's now take a look at this new 4H BTCUSD Chart!
We tried for a long time to get that 3rd purple Elliott wave going, but we never managed to do so. The bears were too strong. As you can see that the failed wave attempt has now become part of the 535-ABC Correction. We are right now on the C-wave.
I want you to pay attention to the descending wedge we are in. You can expect, that we will break out around the yellow circle which is equal to between 50% - 61,8 % retrace.
Honestly I don't think, that this break out will allow us to restart a new Elliot Wave Cycle. We probably have to go lower. At least 78,6 % retrace (around 7,500 USD) or even down to the double bottom at around 6,000 USD.
But for now, you expect we will have a break out from the wedge in the yellow circle!
D4 loves you <3
Once again. Thank you for the love and support in the comments, and on PMs and Twitter. It really means a lot to me. And please remember to give a LIKE :)
Comment:
That was pretty quickly we had that price drop down to 50 % Retrace, were we now are having a battle.
Comment:
Just to give you a reminder. Take a look, at this chart I made 4 days ago. Everything perfectly match.
I predicted we would go to 7,200 USD, which we did. And try to go into a reversal. But I said it was a 30 % chance we would succeed in making a new EW. Again, I was right. Now we will obviously go lower.
I predicted we would go to 7,200 USD, which we did. And try to go into a reversal. But I said it was a 30 % chance we would succeed in making a new EW. Again, I was right. Now we will obviously go lower.
