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IF the LOW is set, I look at this:
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The all description is in the chart. This is not a financial advice, so DYOR... and you are the one who presses BUY or SELL ,take responsibility for what you do. Good luck.
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All this 3 scenarios looks valid for the moment. 1. ( New 4 y cycle ) Looks like it is in (potential wave 3 (2.618 fib ext. ) or almost top of wave 5 = become bigger wave 1 and i expect 0.618 retrace), but it's very possible that "bigger wave 1" + retarce of wave 2 ( 19500$ area ) was happend.
2. The scenario for an big ABC still in game, will be invalidated if (from wave A to B the move will be : wave C = 1.618 of wave A... BUT if C will be = with wave A, this scenario will be valid)
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In the FISRT wave it's very possible to be in area of the top 1 or wave 3 in progres
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I will focus on 2 scenarios now: 1. 4 y new cycle and 2. potential ABCIn terms of EW i see this 3 potential count's:
If you don't understand this count's, don't waste your time to coment ( I apreciate this)
This is just my opinion so DYOR.
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Another possible count from LOW to the moment: is leading diagonal + "doubious speculation" about time in the last wave 1 cycle :) look closer for this count:
In theory last wave 5 need to be smaller than wave 3, so can be at any level below 1 to 1 extension of wave 3
JUST do your own resarch... i'm just a guy, watching Yt streams :))
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Ok pick one scenario :) than pick one level for that retrace :) ملاحظة
For the moment 0.236 fib retrace and 21 EMA - HOLD as supportملاحظة
"Potential ABC" scenario invalidatedNow "UP ONLY" with some retrace?
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All the description in the chart and don't forget: DYORملاحظة
I clean the chart a little bit :) All the description in the chart and don't forget: DYOR
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For the moment :) Good luckملاحظة
Just saying ... Sure, DYOR :)ملاحظة
A little update: the BIG picture - for the moment both screnarios still valid. 1. 4 y new cycle: looks like we are in W 3( blue) in progress, fib extension give a target in 70k-ish area ( this is what EW theory say, if will happend or not, I DON"T KNOW)
2. 0.618 retrace for wave B : like you all see, we are above that retrace zone, BUT, if you are familiar with EW theory ,you know 0.786 fib, it's the next area to watch. + the move from LOW to this moment for that potential ABC , have target in the same area with 0.786 FIB retrace... SO IT"S NOT AN EASY PLAY NOW
Good luck to all and DYOR... DYOR ... DYOR
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Look closer : ملاحظة
Decizion time :) 1,2->3 in progress ->(4,5) or ABC need more time to find wich way will be ... GOOD LUCK to all ملاحظة
Today the chart say this: ABC scenario is invalidated SURE DYOR... it's 100% your responsabilitie if you buy/sell,long/short... GOOD LUCK
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Hi... So in term's of EW i see this (for the moment) : SURE DYOR... it's 100% your responsabilitie if you buy/sell,long/short... GOOD LUCK
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Q: Will BTC meet 1.618 fib extension to complete W 3 target? or
Will close this week as "bearish SFP"?
SURE DYOR... it's 100% your responsabilitie if you buy/sell,long/short... GOOD LUCK
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A little bit "off the topic" , but a real question: were we are in terms of "price action, candle stick fractal" ? ملاحظة
Hi, again :) IF the wave 3 it's DONE , i look at this 2 scenarios for wave 4:
- triangle or - channel
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Triangle scenario (for W 4) is invalidated ... last "hope" -> channel will HOLD? with a little "fakeout" RSI don't look so good !!!
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Intresting look at RSI (only RSI, no price) This looks like 74k area was top of W1 and now we are close to see an end of W2.
SURE this is just a "dubios speculation" :)
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Update on RSI : ABC looks done ( I don't move C, I just turn on the LINE )and for the record :) my second entry was 53200$ (bybit) and the price revers at 53216$ :) ( not so funny acctualy, i have that entry since 14 jun. so all the news was in the chart( at that time nobody know, germany, has BTC ,just saying)
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In terms of EW, W4 looks done and we enter in the final wave number 5. DYOR and GOOD LUCK
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Will EQ of that channel hold?
DYOR and GOOD LUCK
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If the wave 5 is in progress, I look at this:
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All the description is in the chart... just do your own resarch.
TV set "Close: target reached" :))) They asume you don't have to much time to fallow 4y cycle
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W 5 = with W 1 + 1.618 of W4 ... but looks like BTC want more :)
Will go to the 2.618 ?
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