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BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, SPDR SELECT SECTOR FUND - FINANCIAL, AURIS MEDICAL HOLDING AG - COMMON SHARES, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1
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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
instead of an abc correction this could be a 1-5 bearish wave count trend reversal. I say this because the market is way past abc timing. if this is the case market could dip to 7k (and below) as wave 1-5 timing goes on until feb 8th/9th. however it is currently testing a major line of support and I'm not crazy about the current wave counting but trend based ...
according to timing, it appears the abc correction is done. we could be at the beginning of wave 3 of 5 (of wave 1), target of wave 3 between 14-15k with wave 5 ending between 17-18k around feb 1st...wouldn't that be nice? let's see...happy trading!
possible formation of wave 3 with first target to 17k as high as 18k by approximately jan 15th.
In wave 4 of wave 1, with wave 5 of 1 finishing at approx 16K.
Similar to my last projection on the 22nd, with updated timing. Could be the middle of a C wave forming now, ending at 12K or below before reversing to a bullish 1-5 wave count run after the new year.
Based on the day chart, it appears BTC has completed it's A of ABC correction and is beginning the B (there is the possibility that A is not complete) B is based on a supply zone approx 16721 (possible that it shorts before hitting B). C is based on fibonacci projection approx 11148.
going long until approx 1885 on the 22nd, short to 1425 on the 25th.
btc to hit 21033 around the 21st of dec, based on wave counting, trend lines and fib projections.
based on wave counting, supply and demand zones and fib projections. reversal at 687 or 700. happy trading!