I simulated the 5th wave impulse by proportioning the impulse with the same dimensions and characteristics as the final section of wave 2 of the main cycle. (In my opinion it represents the pole of the bull-like flag)
At this point the key levels become the references in the triangle marked in orange (abcde) by and. the impulse that represents the 5th and last wave of the main cycle begins.
I had a hard time imagining how the price can break the 9500 USD barrier and this seems to me the most plausible simulation.
Basically, wave 5 of the main cycle represents the flag pole of the flag.
Why do I think of a Bull phase? [/ b]
We are in the upper part of the trend channel, the market is strongly bullish, the signal from the hash tapes indicates an advantage for the miners and also, only on 5/05/2020, about 400 MILLION USDT and BTC have been sent on the exchanges .
Secondly, we are at the end of the fifth wave of the main cycle, there are no truncations and the race should continue.
This time the 9.5k shouldn't be scary, the halving is near. [/ B
Commercial creation: Impulse wave (Section 5 of the main wave) Wave 1: 9228 USD (entry) Wave 2: retracement at 9100 USD Wave 3: 10,154 or 10,500 USD (admission) Wave 4: retracement (around the trend line) Wave 5: if all waves are selected 11,200 USD.
This dream is magical!
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Wave 5.> Sub Impulse (Wave 1,2) > point 1 reached_ I will wait for the retracement at (9090/9150) for point 2 or the restart.
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All in trade!
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Point 2 reached. The problems it is a double top.
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The strong resistance of 9.5k continues to scare, however volumes rise on average to 50 periods. Let's see what triggers. For now we are in lateral movement.
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10k reached - Rebounce at 9,5/9,6k +/-
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retracement wave at 9.6/9/4k usd befeore 10.540 usd
@keifer, I'm not sure about the speed or the force of the impulse, there are too many key levels. But I believe that such behavior is more or less plausible. After halving the level can be between 10.5k and 9k. If the crisis is felt it is likely to drop to 8k. However, I believe that bitcoin in times of crisis becomes an important revenue tool for many institutions. We'll see! Thank you bro!
keifer
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@gabrielestampa, Yes we will see soon enough. The triangle will tell us more if e wave is bullish or bullshit :)LOL