Burroughs

Burroughs

Looking at BTC in a long term pig picture view. In my estimate we are approaching completing wave 3 within weeks. Not financial advice. Educational purposes only.

Burroughs Updated 

Retraced to 382 fib of the preceding move. Target for upcoming 5th wave is in the 2k range(green box). Targets for 5th wave often 618 of wave 1 and 3 combined as it is here.

Burroughs Updated 

For a real to the moon push we need to go lower to run the stops below last years 3k low. This is a probable count where we are just doing a 5-3-5 correction and have started on the last 5 of the C. The blue lines are fibonacci time zones to get a sense of how long this might take. To run the stops below last years low it will take us to at least 0.65 fib level...

Burroughs

The basic idea evolved to a 1.0 edition: Triangle formations usually appear at the end of corrections in a combo like I propose we have here with BTC We have a WXY combination where X retraced to 382 fib of the December high. In the triangle we have at the moment a target around 8200, but the (d) wave might fail before reaching target. There is a probability of...

Burroughs Updated 

#BTCUSD We might be in for some boring sideways action the next months while the BTC correction is losing momentum. - We had a parabolic move in December that needs a long time correcting. - I see BTC in a contracting triangle that started with the February 20th move down. - The contracting triangle is a pattern that shows us that the corrective momentum is...