This is my current views and estimate of the current Bitcoin movements. It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1. Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle. Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
Comment
⋅
current view of wave 2 correction of wave 3 in a cycle
Comment
⋅
Current thoughts
Comment
⋅
Green trend line shouldnt hold. Thinking we are going to continue this small correction
Comment
⋅
Current estimate Thinking we are still in a micro correction Could fall anywhere between $9700 to $9100 (even $8700) Will be watching for the higher low to form
Comment
⋅
An estimate
Comment
⋅
Parabolic micro correction?
Comment
⋅
Current estimate
Comment
⋅
Comment
⋅
My wave count must have been wrong Correction is too steep to fit into previous model
Comment
⋅
Showing the Fibonacci extension and retracement pivots