This is my current views and estimate of the current Bitcoin movements.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
Kommentera:
current view of wave 2 correction of wave 3 in a cycle
Kommentera:
Current thoughts
Kommentera:
Green trend line shouldnt hold.
Thinking we are going to continue this small correction
Thinking we are going to continue this small correction
Kommentera:
Current estimate
Thinking we are still in a micro correction
Could fall anywhere between $9700 to $9100 (even $8700)
Will be watching for the higher low to form
Thinking we are still in a micro correction
Could fall anywhere between $9700 to $9100 (even $8700)
Will be watching for the higher low to form
Kommentera:
An estimate
Kommentera:
Parabolic micro correction?
Kommentera:
Current estimate
Kommentera:
Kommentera:
My wave count must have been wrong
Correction is too steep to fit into previous model
Correction is too steep to fit into previous model
Kommentera:
Showing the Fibonacci extension and retracement pivots