Correction/update from pervious post, the bounce at point C is already in process. RDD/USD does a 23.6% bounce retrace up to point D at .0069 USD while BTC does a 38.2% bounce retrace up to 8207 USD.
The target numbers remain the same as my previous post; however, it becomes all one target range and the points give us an upper and lower bound on the target range. The bounce spot at point E in the target range all depends on how far wave 5 will extend.
upper bound
RDD/USD 0.006 USD
RDD/BTC 77 Satoshi
BTC -1.16% ~ 7800 USD
lower bound
RDD/USD 0.0048 USD
RDD/BTC 66 Satoshi
BTC -1.16% ~ 7270 USD
RDD/USD is following BTC. The below charts on BTC/USD correspond with the upper and lower bounds I already calculated.
BTC is in an WXY pattern and in wave 4 of Y as shown here:
BTC target range is shown as between the .65 and .786 retrace in this chart: www.tradingview...ting-for-bouce/?utm_source...
The target numbers remain the same as my previous post; however, it becomes all one target range and the points give us an upper and lower bound on the target range. The bounce spot at point E in the target range all depends on how far wave 5 will extend.
upper bound
RDD/USD 0.006 USD
RDD/BTC 77 Satoshi
BTC -1.16% ~ 7800 USD
lower bound
RDD/USD 0.0048 USD
RDD/BTC 66 Satoshi
BTC -1.16% ~ 7270 USD
RDD/USD is following BTC. The below charts on BTC/USD correspond with the upper and lower bounds I already calculated.
BTC is in an WXY pattern and in wave 4 of Y as shown here:
Comment:
this was an update of my previous post:
Comment:
....aaaaand BTC still hasn’t bounced. Perhaps my first chart is correct; it certainly satisfies the wedge better!
Comment:
!!!Alert!!!!
if you blinked you may have missed that wave 4 bounce.
point E hit just a small hair above the buy zone - it looks like the bottom to me!
if you blinked you may have missed that wave 4 bounce.
point E hit just a small hair above the buy zone - it looks like the bottom to me!