So new data available
- Target (reviewed) : 2.5k-4.5k
- Pattern : ABCDE correction. 1D centerline crossover. 1D singal center line crossover (new data). Weekly conversion line under base line going deeper.
- Factors of validation/invalidation : 1D stay under signal. 1D stay under centerline. Price staying in the spectrum.
- Opinion : very high probability
- Comments : comments are now attached with the chart
- Chart :
1) orignal post - Hourly chart - picture the projected 5,3,5 count ending at 6.8k or so. I expect the point C to end near our current lvl or give a wick at 10.1k.
2) Daily chart - Nature of fractals implies pattern inside pattern, while on the hourly chart we can count the sub impulse, the bigger picture illustrate an pattern. You can see here the 1D signal center line crossover. I expect then -20% fluctuation in price in the near futur if i apply the same chart behavior as the past signal center line crossover. I will add that conversion line is still under the base line (bearish momentum data) while i consider the cloud turning green as an ebb flow of the price fluctuation from 6k to 11k. Effectively price might dump once we get out of the cloud spectrum; conjugated this signal with 1D signal crossing the center line we might effectively see -20% price fluctuation.
You can see in my anterior post my scenario projection of the 1D following more a direction. Right now it seems to confirm by the new data i.e. I expect 1D to go close the signal and bounce on it instead of crossing it. In this case, it would mean that the projection must be the leading one
3) Weekly chart - This one can be easily interpreted by a quick look : pattern (with fractals caracteristic on shorter time frame), an conversion line under base line (bearish momentum data) going deeper and giving clear direction for the traders that use it.
here is a variant of the count :
Conclusion : for now there is no reason for me to conclude to a bull run is to be expected. But that doesnt exclude fluctuation testing the resistance, it just mean that BTC have high probabilities to pursuit the .
We have stopped right at the subwave 3 projected target of 8.3k or so (compare yesterday post with this one)
It happened at 1-2 and i project this pattern to lead us to major 5
Promise to post new full projection tomorrow evening.
1) nothing i see as complex here
2) you chart showing just drawing without projection and target
3) the first rule is to start with trend line. which you seems to not respect