KondrackiKarl

Bitcoin Triple Combination finale targeting $5500 feb 2020

Kort
KondrackiKarl Uppdaterad   
KRAKEN:BTCUSD   Bitcoin
The rejection from $9400 has shown a continuation to the bearish trend.
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale

Kommentera:
Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points)
Kommentera:
Channel was moved by mistake

Kommentera:
Thinking we might see a triangle here before the last big move down which I think will be more drawn out compared to the rest of the correction

Kommentera:
Estimating a relief bounce to 7640
Kommentera:
Thinking we need to scrap along bottom of channel before bounce
Kommentera:
Target reached.
Looked at my fib retracement again I should of estimated $7662 but close enough :)
Now I think we make that triangle before the last drop before the bull market

Kommentera:
Current Estimate

Kommentera:
Kommentera:
Triangle Estimate
Kommentera:
Feeling my triangle estimate is too compacted
Alternate estimate

Kommentera:
Current Estimate
Kommentera:
Current Estimate
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600

Kommentera:
Still my current estimate
Not my normal way of placing a Gann fan
but it seem to line well so a good test for me


Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.