#2 option is this is the final 5th wave micro in our 5th wave macro and this becomes a bearish truncation of our result from our bearish overlapping of the 1st and 2nd wave of the 5th wave on the macro and we will be heading for that small retracement and then start the path upwards for the next leg but in the case of leadings they don't usually end this way.But...
Btc has been following well id say a terrible but 100% leading diagonal as if it was an ending diagonal we would have had a wave 4 and wave 1 overlapping or the waves would have shown correctiveness and so we didnt have that and with leadings we know their is an exemption with overlapping so but lets get into it.We have in may opinion finished the structure of the...
We have finished the 2nd leg of the 5th wave on the macro but our 2nd leg is overlapping after the right angle broadening wedge.Could this be correction time for btc?
basically what im looking for here is a bounce off from the 5th wave of the 3rd macro wave to .236 more favorable for me and .382 for a bounce off to potentially start off the legs of the 5th wave to 0.5 extension since we have a small wave 3 as said before but if we dont and we break wave 1 fractal its over and we start the waves down early giving a lower estimate feeling
So ok I did get confused on one of my leading diagonals and second guessed myself on a wave so actually its the plan I had before actually after recounting the waves 3 times we are what I had said before at macro wave 5 which will be smaller than 3rd but we just had a rejection at .236 and are on wave 1 of macro wave 5 and the extension numbers are still the same...
BTBT has finished our macro wave 1 within our minor wave 5 to form a correctional (wxyxz cont.) and what I am watching is in the green if we have the potential new 5 wave and have the minor 4th wave inside that bounce off the retracement of .382 or 0.5 I am more inclined we get a hyper extended 5th wave to the red box but if we fall below the 1st wave fractal I am...
well 5th wave and my option # 2 has been confirmed as forming after fractal break targets being looked at are from the extensions of 0.5 and 0.618 which is the most common ' As always happy trading : )
*eats popcorn* ......................................
So I do like to go against myself on analysis just cause, so lets say following off the wxyxz pattern that we were trying to make a leading diagonal and made a truncation leading us to recount the wave structure and have this currently being wave 3 which right now is showing a small wave leading me to believe by rules if this was wave 5 where I show it at the...
Flat was not held as I said after it broke extension and fractal so the 5th wave Imo has hit and 0.382 - 0.5 -0.618 are the retracements to watch this is really bullish and just a needed and healthy pullback ill be waiting for more confirmation by seeing if it breaks 3rd wave fractal as always happy trading : )
we have rejected at the most common level extension for flats at 1.382 running flat common 1 will be at 39-40k if this persists down to form
We have met our Macro wave one ending at our 5 minor wave 5 moving into correction wave 2 while creating a bullish abc wave pattern at the moment we are creating a sideways creation of a flat then a 5 wave correctional back down to the 0.5, 0.618 fib retracement and maybe a possible bullish truncation before wave 5 to then make another 5 wave macro back up...
Now lets say this becomes a running flat after a rejection on the extension i could see a running flat or an expanding for this leg im going with running flat with the most common rejection at 1.382 around 43-45k then a back test at around 39-40k at the 1 fib extension line depending on where this rejects could be slightly lower on estimate.But if it decided to...
We have invalidated the wxyxz triple combo and I'm expecting this next 5th leg around the estimated common area around the .618 fib extension and the .618 fib retrace on the pitchfork and possibly higher depending on the infrastructure bill also I will be looking for a break above the 2.618 to confirm impulsiveness for the next macro 5 wave up to potentially start...
I pressed redo on accident for the leg the wave number is now placed in its correct place I'm just a perfectionist lol
This is to my prior longterm analysis for btc / just better precise estimates and showing of times for these estimated times this is not including fundamental events that could come prior to this analysis incase of rupture analysis ranges will be changed As always happy trading : )
$CLSK has completed its 5th wave and has gone into its abc correctional with minor 5 impulse wave down, 3 minor correctional up and another 5 wave impulse down were it did a small bullish truncation where we could likely see the next macro impulse wave 3 leg up where we have bullish daily mom and incoming bullish Mfi but we will see what btc has in store for the...
the last one wasn't in log scale this one is as always good luck trading : )