BTC : The same 3.5k-4k end point again and again and again

Hi guys,

Its been almost a month that I highlight a target point between 3k-4.5k. At first it wasnt clear how it gonna be use and in which pattern and time frame

• Target (reviewed) : 3k-4.5k
  
• Pattern : ABCDE correction. MACD 1D centerline crossover. MACD 1D signal center line crossover . MACD 1D signal crossover (projected). Weekly ichimoku conversion line under base line. Fibonacci full retracement at 3.5k.
  
• Factors of validation/invalidation : MACD 1D stay under signal. MACD 1D stay under centerline. Price staying in the bearish spectrum.
  
• Opinion : the only logical scenario. No more alternative bullish count (it doesnt exclude bounce but nothing major). Honestly it would take some magic to reverse the bearish trend at our level
  
• Chart
  1) hourly - Trend line with transposed ABC count of the weekly chart with median price trend pointing toward a landing zone near 4k
  
  
  2) daily - original post - ABCDE correction with fibonacci retracement
  
  3) weekly - ABC retracement with bearish MACD (under the signal) and ichimoku cloud retracement
  
  

I have an idea about the wave count but i will let some time past to have more data which will make a more precise projected wave count. Stay tuned.

Comment:

1 month and 1 week that it seems that i first saw it :

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Short term pivot point with indicator interaction :

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should land at the first bounce i expect (graph above) today. Ive did a bet that we should see it today with a guy. Lets see if that happens.

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Looks like a standard zigzag 5,3,5
End point = green square
Bounce target = 7225
I have some doubt that i might overestimate the bounce

Comment:

precisely my bet is the bounce should start at 6499 or 6470

Comment:

right now BTC seems to have bounced on my trend line that i previously drawn. For me it indicates subwave that i will no post here (risk to make more confusion than anything). I see that we might be at 3-4 subwave so it should make : 1)ABC pattern 2)ABCDE pattern. But my major wave 5 end where i projected because as extended wave 3 is, wave 5 should have a correspondant proportionnality. Then a major ABC to 7225, etc. etc.

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OKOK IM GONNA POST MY COUNT :

Comment:

be aware that we may already leading toward major 5 as my wave 4 target as been reach almost immediatly after my post. Remember that i focus more on targets (Y) than targets (Y) in relation with time (X)

Comment:

Final it was an ABC to 7267. Still near my 7225 !

Comment:

The second ABC ended at 7233. 8$ between my projection 48 hours ago and real price !!

I revisited the form and i have this count. I have simplified the count. If the support (upper white line) is break then it should end at the next support ending the 5th wave

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Weekly post tomorrow ! stay tuned ! I have an idea of our current pattern. Will wait some data to have a stronger projection.

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This scenario is still on the table (finished A at 7027 or so i was projecting 6950 for A in this scenario) :

Will make a fresh post tomorrow. tired for tonight. I have 2 scenario in my head and will wait for more data to discern better. Cya tomorrow.

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going for C of the precendent chart