Bitcoin next leg down, target $7250ish?
Looks to me like we are finishing up the Any Three X leg of a WXY.
Thinking we will see a Zig Zag rapidly dropping us to $7250
Falling Three Peaks playing out. Channel holding strong.
Estimating next Third Impulse up begins August 26th
Estimate established early July
https://www.tradingview.com/chart/BTCUSD/LxMVCA2f-Bitcoin-due-for-over-50-correction-or-forming-wave-4-triangle/
https://www.tradingview.com/chart/BTCUSD/Jetu2mXE-Bitcoin-ending-the-month-at-12k/
Thinking we will see a Zig Zag rapidly dropping us to $7250
Falling Three Peaks playing out. Channel holding strong.
Estimating next Third Impulse up begins August 26th
Estimate established early July
https://www.tradingview.com/chart/BTCUSD/LxMVCA2f-Bitcoin-due-for-over-50-correction-or-forming-wave-4-triangle/
https://www.tradingview.com/chart/BTCUSD/Jetu2mXE-Bitcoin-ending-the-month-at-12k/
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Potential Triangle formingbooks say triangle always occurs prior to the final wave
Bearish Hanging man formed on daily
Fib Circles show a potential reversal
Watching for position
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Upthrust before mark down?ملاحظة
Current thoughtsLots of bullish sentiment, I still remain bearish
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Estimate, shorting next lower highملاحظة
Thinking $11500 (60ema) will be our higher low but Camarilla pivots show potential at $11700
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Last 4 hour candle for the dayExpecting a reversal soon
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Rough estimateThinking we will bounce short term around $9600
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Re-entering my short targetsIf we break above $10350 then I will watch for an entry at $10550
Low probability target at $11100
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looks like an ending diagonal with RSI divergenceملاحظة
estimateملاحظة
Just noticed, we may be making a bearish batprice estimate, date/time not set
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EstimateThinking we are still working on the A leg of a Zig Zag
Targeting $8950 before the ABC - B leg of ZZ
I cant see this being the E leg of A of a ZZ
daily candles dont look to fit an A leg of ZZ
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Thinking my estimate of the Zig Zag could be too compactedAlternate estimate I am considering to prepare for
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Alternate estimate #2ملاحظة
As an updated view of original estimateملاحظة
Two current estimatesIm still learning characteristics of Zig Zag (alone or in combination)
Higher Target $7600
Lower Target $7250 (last update image)
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current estimate
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