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...
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...
#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...