Bull flag only half complete? Moving towards point 3 of giant Wolfe wave?
Also we have not retraced back yet to 50-62% for a corrective wave.
I suspect a short lived bull run back towards the historic resitance trend line
then back down to $8000-9000
I traded the corrective wave to have a (5-3-5) ABC (5-3-5) pattern
and we seem to be in the ABC pattern now of the corrective wave / bull flag
Estimates
Target entry $8000-$8800 beginning of March
Target profit $14500 March mid to late March
First image shows in violet what i hope will be the path of a Wolfe wave
leading us to a reversal into wave 2 of a larget Elliot wave
Lets add a little head and shoulders maybe?
Also we have not retraced back yet to 50-62% for a corrective wave.
I suspect a short lived bull run back towards the historic resitance trend line
then back down to $8000-9000
I traded the corrective wave to have a (5-3-5) ABC (5-3-5) pattern
and we seem to be in the ABC pattern now of the corrective wave / bull flag
Estimates
Target entry $8000-$8800 beginning of March
Target profit $14500 March mid to late March
First image shows in violet what i hope will be the path of a Wolfe wave
leading us to a reversal into wave 2 of a larget Elliot wave
Lets add a little head and shoulders maybe?
تعليق:
Potentially testing historic resistance trend line
BTC to go up to $10900?
BTC to go up to $10900?
تعليق:
Now we go down from here?
تعليق:
Estimating we are still in the ABC of the corrective wave
The weekends low will be difficult to predict as it could also be very violent
In light blue are potential price paths, still early to tell
Setting entries between $8300-8800
Anything between $8300-8600 would be sweet spot