surfbeach73

surfbeach73

So you think we are still going to the moon, guess this simple chart may change your view trade safe

surfbeach73

So looking back at the wicks i have redrawn the bear flag on 4hr TF, and this would then give us a similar fractal of what occured on ATH, plus three touches to top trend line and three to the bottom, also shakes out any shorts with tight stop losses, a nice spot to look for a entry to a short if not already in one NFA trade safe

surfbeach73

looking at a measured move down to occur in next 4hrs with a dump to around 36500k ish, then look for a slow trade back up to around 48k ish before the next big leg down to around 19k ish

surfbeach73

So a simple look at BTC on the larger picture, with the ABC correction to the bottom

surfbeach73

so applying the ABC correction looks like we would get down to 15k ish now if the top is in for B wave, with a 5 wave pattern down for C wave

surfbeach73

so we previously had the top in @52533 k so wernt far off, im still looking at this playing out as a smaller fractal of the run up to all time high, and have mapped these points to watch for the next move down wards trade safe and look out for the right shoulder to complete

surfbeach73

so continuing on looking at this current run and a fractal of the all time high, it looks like we could run up to around 48200 ish give or take ar hundred or so then would be looking to replicate the dump that the all time high had, which on this smaller time frame would get us down around high 41k ish or low 42k ish range for this next big move, there is an...

surfbeach73

same as previously posted but on the daily time frame for reference enjoy and trade safe

surfbeach73

So been stepping out on time frame and looking at the current run up as a smaler fractal of the run up to the ATH, and found some amazing confluence and patterns emerge as i drew this chart up, which shows that we are in a mirror image but on smaller time frame of the run up to ATH

surfbeach73

So we have broken the channel and are falling inline with my idea, and look forward to watching this play out. Im looking further ahead with this idea that may see another bull trap after hitting mid-high teens from the previous plan, so the market makers can try for another shot at trapping people in before another further drop to the bottom to extend the market...

surfbeach73

So just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73

surfbeach73

So im playing with these areas for the 5 count down for wave C, which could get us down to the predicted areas previously posted. Still looking at us creating head and shoulders pattern at top but coming down after that and get a bump up for wave 4 to create an even bigger head and shoulders pattern which then brings us down to our targeted areas

surfbeach73

Hello to all, been tinkering with this idea for a bit now to how it might play out. Looking to top out on the rising channel at 51850 ish where it intersects with purple line (expanding wedge) get rejection, break down out of rising channel with measured move to 3937i ish, bounce up to resistance line at 43968 ish, create the right shoulder, then down to the...

surfbeach73

looking from a zoomed out perspective, i have seen the rising wedge we created for the all time high, i now looking at where we are can see we are possibly in a rising expanding wedge, with the end drop dependant on where we break, i have used the common thought of the 51k ish area to provide an idea of where we could break down to cheers love to hear your thoughts

surfbeach73

update on previous chart with more options depending on time/dates arrive at locations

surfbeach73

using a number of trend lines that had multiple lines converging showing high and low point ends, im using same method to target an area for price and dates for the end of the next big dump