Tommy_Trader

Bitcoin Wave counts update. $10,000 scenario

Long
BITFINEX:BTCUSD   Bitcoin
Wave counts are to be corrected along the way, as we confirm or dis-comfirm new waves.
Analysts always hold numerous possible scenarios with certain probability based on the statistical and logical back-ups such as wave theories and indicators. Our job is to prepare the respond action plans for different possible scenarios, not to just predict our future. As we progress to confirm new structures, our accuracy and preciseness for the final target will definitely rise.

This chart above is so far how I am considering my counts.

My secondary count would be where orange wave 3 is actually end of the yellow wave 3 and maybe we are now in correction (yellow wave 4). But the reason why I am not considering this as my primary count, is that in this case the yellow wave 3 hasn't quite reached the 1:1 extension.

In any case, I am pretty sure the 5th wave will reach up close to $9,800 area which I am targeting for my liquidation.

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