BTC 10.2k then 8.5k - volatile next few days
As in my previous idea I discussed the possibility of going to 10k or 10.2k before we hit 8.5... Williams gator indicator (fractal) 4hr also happens to be right on the green SMA (the 10.2k price).
Here is the deal, the (RED) ABC correction to 8.5k is starting to seem more favorable. ATR volatility indicator is SUPER low meaning a likely change in trend direction from here.
I will tell you guys this that I truly believe we are setting up for the possibility that once we hit 10.2k we have a flash crash down to 8.5k and right back up again ALL within either the SAME 1 day candle or in two 1 day candles. Volatility should be high. I super recommend NOT going with a highly leveraged position at all until the dust settles.
A flash crash below 8.5k and a huge surge back up is not out of the realm of possibility too.
I expect to finish the local pennant we are in right around mid 9400 range followed by a surge up to 10k via the 12345 impulse wave to ultimately 10.2k (which is actually the up part of a larger ABC down EW).
At this point I CANNOT find a situation where the short thru long-term ABC corrections DONT end at 8.5k, but I strongly believe we will have a quick candle wick down to it which may even be part of the next impulse 12345 wave up to the top. ALL within one or two one day candle(s)!!!
Here is the deal, the (RED) ABC correction to 8.5k is starting to seem more favorable. ATR volatility indicator is SUPER low meaning a likely change in trend direction from here.
I will tell you guys this that I truly believe we are setting up for the possibility that once we hit 10.2k we have a flash crash down to 8.5k and right back up again ALL within either the SAME 1 day candle or in two 1 day candles. Volatility should be high. I super recommend NOT going with a highly leveraged position at all until the dust settles.
A flash crash below 8.5k and a huge surge back up is not out of the realm of possibility too.
I expect to finish the local pennant we are in right around mid 9400 range followed by a surge up to 10k via the 12345 impulse wave to ultimately 10.2k (which is actually the up part of a larger ABC down EW).
At this point I CANNOT find a situation where the short thru long-term ABC corrections DONT end at 8.5k, but I strongly believe we will have a quick candle wick down to it which may even be part of the next impulse 12345 wave up to the top. ALL within one or two one day candle(s)!!!