TradingView
jimmychen23
Feb 12, 2018 1:38 PM

btc on path to 9.5+ Long

Bitcoin / DollarBitfinex

Description

btc still on path to 9.5+, may take until 2-15, 2-16

if this count is correct, we'll see an extended (5) putting us over the top 10k

Comment

target 1: 9.4
target 2: 10.3

Comment

The sub micro (3) is a bit wrong. I forgot to do the fib on it. It should extend a bit more into the 9000s, which means we will see 9000s in the near future (24 hrs?) but it is likely to get rejected.
Sub micro (4) is the worst case at fib .24. Most likely scenario is .5 in the mid 8000s.
I drew out sub micro wave (4) because I expect it to be a complex correction.
Remember that the time doesn't matter in EW theory so while sub micro (5) looks short, in vertical height, it's actually longer than 3.

Comment

when things go according to plan, you don't have to rechart...
so nice.
Comments
jimmychen23
The sub micro (3) is a bit wrong. I forgot to do the fib on it. It should extend a bit more into the 9000s, which means we will see 9000s in the near future (24 hrs?) but it is likely to get rejected.
Sub micro (4) is the worst case at fib .24. Most likely scenario is .5 in the mid 8000s.
I drew out sub micro wave (4) because I expect it to be a complex correction.
Remember that the time doesn't matter in EW theory so while sub micro (5) looks short, in vertical height, it's actually longer than 3.
More