Hi guys, after BTCEUR breaking our invalidating point (bearish scenario) and now BTCUSD did the same yesterday. I have now to consider a bullish scenario whithout a W5 crash. There is still a possibility with the bearish scenario but i need to respect the fact that we broke our invalidating targets. Here is a closeup on the new bullish scenario, i will bring you a bigger closeup when i have the time. This mean that people who miss the bottom will have 2 chances to get in... though the grand blue IV and the white W2. Don't forget W2 can retrace to the last bottom... This is a real possibility. For the W3 there is still a possibility that wave 3 will find his summit at 361.8% or 434.6% now that we broke 261.8%... possible. We seem to struggle to beat huge ressitance around 6366$ for now. Let's give BTC some times... we must keep in mind that a lot of new investors are coming in... Fidelity, BaKKT etc...
Their analyst experts were probably waiting for some confirmations which is now almost done. Breaking 6.7k will be a real confirmation for them. This means that these new big players will either enter the retracement of this middle wave 4 or the retracement of the large wave 2 (white). The choice will be difficult because the retracement of the big wave 2 could be risky and very close to the BTC halving... and we know that big Wave 2 only have 15% of chances to retrace below the 61.8% of the W1 And there is still 12% of chances that W2 would retrace only to 38%. 73% of wave 2 retrace between 50% and 61.8%. but ithere is still a possibility that market makers will push the grand wave 2 back to the Weekly MA 200 to give us a spring for the new bull market
Their analyst experts were probably waiting for some confirmations which is now almost done. Breaking 6.7k will be a real confirmation for them. This means that these new big players will either enter the retracement of this middle wave 4 or the retracement of the large wave 2 (white). The choice will be difficult because the retracement of the big wave 2 could be risky and very close to the BTC halving... and we know that big Wave 2 only have 15% of chances to retrace below the 61.8% of the W1 And there is still 12% of chances that W2 would retrace only to 38%. 73% of wave 2 retrace between 50% and 61.8%. but ithere is still a possibility that market makers will push the grand wave 2 back to the Weekly MA 200 to give us a spring for the new bull market
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Visit my Website, crypto-mercy.com/
Join me on Youtube at : www.youtube.com/c/CryptoMercyTrading