This is likely still a 4th sub-wave of the 3rd wave. We are trading inside of the expanded B pocket and meeting resistance. There is very strong momentum toward moving up, so it may not come to fruition, but I am looking for a pullback to $16.5k - $17.8k before the ATH is fully cleared.
Likely targeting $23,000 - $26,000...
Bitcoin is following along perfectly with my previous analysis.
There is potential for a final push to the expanded B pocket before coming down for the last leg of the local correction - which would potentially set up for a decent short entry. Otherwise, I plan on looking for long entries from $14.4k - $15k.
My primary outlook for Bitcoin. The structure is very indicative of a Third wave of a Macro structure - and it appears that we are currently trading inside of the 3rd Sub-wave inside of the Macro Third wave. In hindsight, this is pretty clearly a 1-2-1-2 beginning from the initial dump from $12k. As of now, it is VERY likely that Bitcoin's ATH will be broken....
3 potential targets for Ethereum by December 18th. $580, $640, and $660.
Daily momentum looks great with support in Bullish Control and a clean bullish breakout. However, it needs to get kicking into gear to avoid printing divergence like it did previously on September 2nd.
Original targets reached. This is the limit of my bearish count. I'm looking for shorts here at $15k. It goes without saying that this is high risk - it is trying to catch a top. If the bears fail here, I'll see you at all time highs.
Quick update that I'm taking profit on the long position. Expecting some election volatility. Bearish divergence on the 4 hour as well and will likely breakdown out of Bullish Control. Looking for potential reentry around $12,900 if we get there. Potential scalp opportunity to the downside here.
Update of what we have seen over the last 48 hours. Still looking for a push to the downside before finishing the structure. Still trading inside of a 4th wave. As of now, we are on pace with the time analysis shared on October 24th - November 1st/November 2nd having the completion of the 4th wave.
However, we only rejected from the 1.236, so there is potential...